Asian stocks

Asian share markets turned mixed on Monday as US lawmakers struggled to hammer out a new stimulus plan amid a global surge of new coronavirus cases

The coronavirus pandemic is accelerating the reshuffle in Asia’s stock market, with those prospering in the health crisis surging to rank among the region’s leaders.

Asian stocks looked poised for a mixed start to Friday trading after a muted session on Wall Street saw shares end little changed. Treasuries and the dollar rose.

Asian stocks were mixed as investors weighed the recent rally in risk assets alongside evidence of a U.S. economic recovery and lingering concern over further coronavirus outbreaks. The dollar steadied following gains.

“I think Asia may outperform the U.S. in the near term,” said Andy Wong, a fund manager at LW Asset Management. The risk of a new wave of infections “seems fairly low in Asia as the virus is still largely contained.”

TOKYO (May 30): Asian stocks extended a global sell-off on Wednesday as Italy’s political crisis rippled across financial markets, toppling the euro to a 10-month low, pushing up Italian borrowing costs and sending investors rushing to safe-haven assets

SYDNEY (May 20): Asian stocks headed for its worst streak of weekly losses since September as investors assess what a US interest-rate increase as soon as next month will mean for global growth. Raw-material makers rebounded to lead gains on the regional

TOKYO (May 19): Asian stocks slipped but the dollar was buoyant early on Thursday as markets scrambled to factor in a near-term US interest rate hike foreshadowed in minutes of the Federal Reserve's last monetary meeting.