The Hang Seng is down by about 0.20% today as investors continue to worry about the second wave of coronavirus. The index is down even after JD.com shares soared after the company cross-listed in Hong Kong. Other indices in Asia are also lagging today, with KOSPI down by 0.35% and Nikkei 225 down by 0.45%.
The FTSE 100 is shining today as investors continue to focus on the ongoing reopening and the likelihood of more stimulus by the Bank of Japan. The index is up 0.85% and is trading at £6,316, which is the highest it has been in more than a week. Other indices in Europe are also rising, with the DAX index and CAC 40 up by 0.70% and 1.07% respectively.
The Hang Seng index pared earlier losses and is now up by 0.30%. This makes it the best-performing index in the region since the Shanghai and KOSPI have gained by less than 15 basis points. In Japan, the Nikkei 225 index has declined by more than 0.50%. The Hang Seng is gaining even as questions remain about the city’s real estate sector.
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