Trading session in the u. S. Overnight. Hang seng will be the focus, down 121 point. Another choppy session after quite a comeback yesterday. Jakarta is muted right now. News they will be easing lockdowns in the capital despite the rising cases. Sydney leading the losses, down 1. 2 . Three in a row that have been strong, perhaps the pboc sending a message they will not use currency as a weapon. Onshore strengthened the most. Dollaryen, you are seeing that haven trade come back. As you said, the main market event over the next 24 hours is this presser by President Trump, he will announce u. S. Policy on china curbingijing passed freedoms in hong kong. His top advisers said china will be held accountable by the of ministration. Is it Wishful Thinking in the u. S. Administration to think maybe they can change chinas behavior and plans for hong kong . I think nothing is impossible, but this does seem extremely unlikely. If you look at all the actions beijing has taken, it is clear there ha
Low for might as well, but the pboc not adding actual liquidity saying things are reasonably apple when it comes to liquidity conditions at the moment. I suppose the big question is will any of this be transmitted given that we know so many still out of the economy, essentially either stuck at home or factories still still, supply chain massively dislocated. Sarah we have seen markets across the asiapacific region turning higher. We continue to see resiliency, at least on the mainland and in hong kong. The hong kong hang seng up about. 5 , and in japan, we have seen markets turn higher as well, holding onto those gains, up about. 6 . The one that is moving to the downside bucking the trend is the south korean cosby after the country did report about 10 new coronavirus cases. You see it falling to a twoweek low, down about. 25 at the moment. Lets take a look at some other risks in the currency and commodities space. We did see copper moving higher for an eighth day and 11. Gold, though,
Thats all. Stay with bbc world news more on our web site bbc. Co. Uk news and our news app. Now on bbc news, lets go live to singapore for Asia Business report. A Public Relations nightmare. The m5 a Public Relations nightmare. The 45 billion a Public Relations nightmare. The m5 billion cruise industry has been hit hard by the coronavirus. And as a china further tightens restrictions of movement in the Hubei Province, popular attractions around the world are unusually quiet. Hello and welcome to Asia Business report. I am correct bus money. Let us report. I am correct bus money. Let us start with covid 19. Some american passengers has left the cruise ship that had been karin tied content in japanese cruise ship that had been karin tied content injapanese port of yokohama and a0 of them have tested positive. With more than 350 confirmed cases on board, it is the biggest cluster of cases outside china. Countries are now attempting to get their citizens home so how has this been affecting
MLA Mahesh Tenginkai and DC Divya Prabhu inspect ongoing road works in Hubballi to address civic amenities issues related to drainage and sewage. Officials from HDMC, PWD, and L&T also involved in finding solutions for the hindrance caused by 17 acres of defence land in the area.
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