Recession USA 2020
Business

Stocks in Asia muted, U.S. markets closed (OTCMKTS:SFTBY)

Japan -0.35% following sell-off in SoftBank (OTCPK:SFTBY, OTCPK:SFTBF-7% in Japan amid reports of amassing ‘huge amounts’ of tech stock options. Household spending, current account and GDP print are due to release on Tuesday.

China -0.16%. China exports rise at the fastest pace since 1.5 years. China exports were up 9.5%Y/Y, while imports slumped 2.1%.

Hong Kong -0.02%. Semiconductor Manufacturing (OTC:SMI, OTCQX:SMICY-20% in Hong Kong after Trump administration is considering placing export restrictions against it.

Crude oil trading 1.4% lower to $39.22 as Saudi Arabia cuts oil prices coronavirus continues to sap energy demand.

Australia +0.01%.

Germany to release its industrial production and France to report its current account data later in the day.

U.S. markets are closed on account of Labor day.

Related posts

How WFH has affected employees with disabilities

jkslogan19@gmail.com

Buy or pass? The pros and cons of investing in 9 upcoming tech IPOs from Palantir to Asana

jkslogan19@gmail.com

NYC is shutting back down schools and non-essential businesses in areas where Covid is spiking in order to prevent a ‘second wave’

jkslogan19@gmail.com

Leave a Comment