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Asian Capital Markets Up Despite Slump in Oil Prices




Asian Capital Markets Up Despite Slump in Oil Prices

  • Update Time : Monday, April 6, 2020
  • 128 Time View
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Asian Capital Markets Up Despite Slump in Oil Prices
Asian Capital Markets Up Despite Slump in Oil Prices

MarketDeal24.Com – Capital markets located across different parts of Asia is on a bullish note on Monday despite incessant slump in oil prices.

Prices of crude oil registered a more than 6% fall as OPEC+ postponed its meeting to discuss the volatility in oil prices.

By 10:23 PM ET, S&P/ASX 200 rose by 2.72%, South Korea’s KOSPI gained 2.11% while Hong Kong’s Hang Seng climbed by 0.89%.

Japan’s Nikkei 225 advanced by 2.45% where country’s prime minister Shinzo Abe is expected to announce a state of emergency by Tuesday to contain the number of new COVID-19 infections.

Chinese markets are closed today for a holiday.

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