Wall of cash from govts and central banks also continues to provide much-needed support. FMTNews HongKong
HONG KONG: Asian markets fluctuated Monday as investors kept a nervous eye on a spike in virus infections around the world, while Europe pressed ahead with the easing of lockdown measures.
That comes after the World Health Organization last week warned of a “new and dangerous phase” of the pandemic, with people tiring of lockdowns despite the disease’s accelerating spread. “Global stocks are finding support that for now, rising daily Covid-19 cases are staying local and failing to have a global impact. So investors can take some solace in that,” said Stephen Innes at AxiCorp.
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