APN News

  • Wednesday, September, 2020| Today's Market | Current Time: 11:19:16
  • Asian shares rise; Singapore’s Straits times fall marginally by 0.1 %

    Published on September 19, 2020

    Asian shares today rose except Singapore’s Straits times which fell marginally by 0.1 percent. Asian stocks logged gains following pledges by central bankers globally to do whatever it takes to support the economic recovery.

    China’s Shanghai Composite index jumped more than two percent led by financial stocks. Hong Kong’s Hang Seng also climbed half a percent. South Korea’s KOSPI ended 0.3 percent up and Japan’s NIKKEI-225 added marginally by 0.2 percent.

    The Bank of England today said that it was considering negative interest rates as the UK economy faces rising COVID-19 cases and  higher unemployment. However, it also kept its main stimulus programs on hold, citing a faster-than-expected recovery in the pandemic hit economy.

    European shares were trading in a narrow range in intra day trade. London’s FTSC-100 and France’s CAC, both fell 0.2 percent while Germany’s DAX added 0.2 percent.