Wednesday, Jul 15, 2020 | Last Update : 02:57 PM IST

112th Day Of Lockdown

Maharashtra26766514900710695 Tamil Nadu147324973102099 Delhi115346932363446 Karnataka4407717391846 Gujarat43723305552070 Uttar Pradesh3972424981983 Telangana3774524840375 Andhra Pradesh3301917467408 West Bengal3283819931980 Rajasthan2557119169524 Haryana2262817090312 Madhya Pradesh1900513575673 Bihar1885313019143 Assam178081217451 Odisha14280986496 Jammu and Kashmir111736223195 Kerala8931443835 Punjab85115663213 Chhatisgarh4379327520 Jharkhand4225242836 Uttarakhand3686286750 Goa2753160718 Tripura218315382 Manipur167210200 Puducherry153182918 Himachal Pradesh130993810 Nagaland8963460 Chandigarh60044610 Arunachal Pradesh3871453 Meghalaya318462 Mizoram2381590 Sikkim211860
  Business   Market  25 May 2020  Asia stocks rise as countries ease lockdown restriction, Hong Kong extends losses

Asia stocks rise as countries ease lockdown restriction, Hong Kong extends losses

AFP
Published : May 25, 2020, 10:21 am IST
Updated : May 25, 2020, 10:21 am IST

Hong Kong sank again after the city was rocked by protests at the weekend over a controversial proposed security law

 Asia stocks mostly up on lockdown easing but Hong Kong extends losses. (AP Photo)
  Asia stocks mostly up on lockdown easing but Hong Kong extends losses. (AP Photo)

HONG KONG: Most Asian markets rose Monday as a further opening up of economies from lockdown offset worries over worsening China-US tensions, while Hong Kong sank again after the city was rocked by protests at the weekend over a controversial proposed security law.

While Donald Trump has limited travel from Brazil as the Latin American country sees deaths and infections spiral, traders were focusing on the more upbeat news that governments from Asia, across Europe and around the US were lifting economy-shattering shutdowns.

Japan's prime minister is expected later Monday to lift a state of emergency in Tokyo, after last week lifting it for the western Osaka region, while Spain and Italy are preparing to reopen their borders to kickstart their crucial tourism sectors.

Greece, Germany and the Czech Republic are also on course to allow bars and restaurants to begin serving again, while primary schools in parts of England are set to restart from next month.

"Global investors are continuing to map the reopening of global economies to the overall risk narrative," said Stephen Innes of AxiCorp. "The global stock markets are moving higher with positive changes in mobility data. According to recent mobility data, the global economy has taken a giant step toward normality in the last week."

Tokyo went into the break more than one percent higher, while Sydney and Wellington were up a similar amount. Seoul and Taipei were also higher.

However, Hong Kong sank 0.8 percent -- having dived more than five percent Friday -- after violent weekend clashes in the city fuelled by China's legislature introducing a proposal to impose a security law that would suppress its pro-democracy movement.

The protests were the biggest since last year's, which battered the local economy for months.

Tags: asian markets, lockdown, china-us tensions, hong kong, protests, security law, asian stocks, asian equities