China gains hoist Asian stocks to two-year peak

SourceZawya
SectorFinancial Markets
CountryMiddle east

"From a virus perspective as well, we're seeing concerns in Europe, while China is considered a quasi-safe haven."China has returned from an eight day Mid-Autumn festival with investors encouraged by a robust rebound in tourism and ebbing coronavirus cases.  Qingdao city said on Monday it will conduct COVID-19 tests for the entire population of more than 9 million people over five days after small number of new cases.  Elsewhere, in the U.S. midwest, infections are at record levels and the World Health Organization is urging fresh curbs for Europe.  Coronavirus aid plans in the United States are also in disarray, with the Trump administration on Sunday calling on Congress to pass a stripped-down relief bill while talks on a more comprehensive proposal were again at an impasse.  S&P 500 futures ...read more...