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Shares in Asian Markets edge higher despite low recovery concerns

Syed Umarullah HussainiWeb Editor

07th Sep, 2020. 09:08 am
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Asian Shares

Shares across the Asia Pacific edged higher on Monday, however analysts have warned about full economic recovery from the coronavirus pandemic remains a distant prospect.

According to the details, the benchmarks S&P/ASX 200 Index is adding 11.80 points or 0.20 percent to 5,937.30, after falling to a low of 5,869.90 earlier.

The broader All Ordinaries Index is up 15.30 points or 0.25 percent to 6,124.10. The Australian market tumbled on Friday after two straight days of gains to record its worst loss since early May.

Furthermore, the CSI Index of Shanghai and Shenzen listed stocks rose 0.3 percent.

While Australia’s S&P/ASX 200 climbed 0.6 percent. Hong Kong’s Hang Seng added 0.1 percent.

The benchmark Nikkei 225 Index is down 26.43 points or 0.11 percent to 23,179.00, after falling to a low of 23,086.89 in early trades. Japanese stocks fell on Friday.

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