Recession USA 2020

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.

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