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Author Topic: Asian stock market opens positive Responding to the US measure to Covid-19  (Read 884 times)

Jasier

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Asian stock markets opened up today. According to the Dow Jones Index, the New York stock market closed up more than 1,000 points last night, driven by the US government's economic recovery measures. And as the Federal Reserve announced a bond repurchase plan to increase liquidity in the financial system These measures are aimed at reducing the effects of the outbreak of the Covid-19 virus.

NIKKEI 225 Japanese stock market opened today at 17,154.08 points, up 142.55 points, + 0.84%. SSE Composite Index Chinese stock market opened today at 2,792.32 points, up 12.68 points, + 0.46%. HSI Hong Kong stock market opened today at 23,023.34 points, down. 240.39 points, -1.03% KOSPI, South Korea stock market opened today at 1,686.12 points, up 13.68 points, + 0.82%. TAIEX, Taiwan stock market opened today at 9,453.98 points, up 14.35 points, + 0.15%. FTSE STI Singapore stock market opened today. At 2,472. 53 points rose 18.00 points, + 0.73%. The FBMKLCI Malaysia stock market opened today at 1,254.43 points, down 2.15 points, -0.17%.

US Treasury Secretary Steven Manuchin announced that the government will grant emergency funds to Americans over the next two weeks. While businesses can postpone tax payments of up to $ 10 million, individuals can postpone $ 1 million in taxes by President Donald Trump. Trump has approved a postponement of the tax to the United States Revenue Department, totaling $ 300 billion.

In addition, the White House also has an economic stimulus package of $ 85 billion. Which includes a $ 50 billion credit limit for the aviation industry While President Trump pledged that The government will take a big action. Which will not let the airline business suffer bankruptcy And will not let Americans lose their jobs

The New York Fed announced the repurchase of $ 50 billion in bonds yesterday. To increase liquidity in the financial system Which the said operation has occurred After the Fed announced the repurchase of US $ 50 billion in bonds on Monday. And injected 1.5 trillion dollars into the banking system last week While also adding the type of securities for the purchase of Fed bonds. To reduce the effects of the outbreak of the Covid-19 virus



 

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