28
Wednesday
October 2020
10:04 PM IST
News Headlines
AC Milan's perfect start ends with 3-3 draw with Roma        Feels surreal, says Varun Chakravarthy on his surprise India call-up        Rohit unlikely as Mumbai and RCB aim to secure play-off berth        Vistara to start flights to Bangladesh from Nov 5 under air bubble pact        Sharing best practices, knowledge among SCO members to help startups: Goyal        Taiwan says new arms purchases to boost credible defence        President Donald Trump ahead of Joe Biden by 5 points in Texas: Poll        Pak to strengthen ties with Afghanistan: PM Imran        Loan moratorium: Lenders to credit interest on interest' to borrowers by Nov 5, Centre tells SC        Man attacks TV actress with knife in Mumbai        Polls open in first phase of Bihar elections        After over 3 months, less than 40k COVID cases reported in single day across country: Govt data        India, US ink defence pact; Pompeo says US stands with India, mentions killing of Indian soldiers        'Dynastic corruption' growing challenge for the country: PM Narendra Modi        Former Union Min Dilip Ray gets three-yr jail in coal scam case        Bihar assembly election Campaign ends for first phase        Kerala CM writes to counterparts in Maha, TN        COVID 19: Kerala registers 7,101 recoveries, 20 deaths        Govt announces financial package for rejuvenation of KSRTC        COVID-19 vaccination to begin in Venezuela Around April - President Maduro        
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Business News
Asian shares rise on optimism about Trump's recovery
 
Tokyo, Oct 5 (AP) Shares rose Monday in Asia as investors were encouraged by positive reports about President Donald Trump's health after he tested positive for the coronavirus.

Trump briefly ventured out in a motorcade on Sunday to salute cheering supporters. Trump's medical team reported that his blood oxygen level had dropped twice in recent days, and that they gave him a steroid typically only recommended for the very sick. They also said his health is improving and that he could be discharged as soon as Monday.

Japan's benchmark Nikkei 225 gained nearly 1.4% to 23,340.52. South Korea's Kospi jumped 1.3% to 2,357.93, while Australia's S&P/ASX 200 surged 2.4% to 5,932.20. Hong Kong's Hang Seng rose 1.6% to 23,825.56. Markets are closed in Shanghai until Friday.

Stephen Innes, chief global market strategist at Axi, said global markets were focused on Trump's recovery.

It is difficult to look beyond the trajectory of US President Trump's illness in mapping out the contours of price action in the week ahead, he said in a report.

By reducing uncertainty around a possible delay to the US presidential election, the initial market reaction should be positive for risk assets, with US equities and oil prices, for example, reversing Friday's declines," Innes said.

Japanese media reports said Fujitsu's president apologised on Monday for the breakdown last week in the Tokyo Stock Exchange's trading system, which the Japanese company had developed.

The mechanical failure caused all trading to be halted in Tokyo on October 1. It was fixed, and trading on the world's third largest equity market resumed the following day.

Tokita promised to work with the exchange to prevent a recurrence of the malfunction in the vast Arrowhead system, according to the reports. Fujitsu said it could not immediately confirm the comments.

On Friday, the S&P 500 slumped 1.7% as soon as trading began, only to churn through another turbulent session. By the end of the day, it had trimmed its loss to 1%, closing at 3,348.42. Despite the drop, most of the stocks in the index were higher.

The paring of losses on Wall Street late last week came as optimism rose that Washington may be able to get past its partisanship to deliver more support for the economy. House Speaker Nancy Pelosi told airlines aid for them is imminent. She said a wider rescue package for the economy could also perhaps be on the way.

The Dow Jones Industrial Average closed at 27,682.81, down 0.5%.

Trump's positive COVID-19 test highlights the continued spread of the pandemic. The potential for outbreaks to escalate as cold weather forces people indoors is raising worries that governments may put some more restrictions on businesses.

In energy trading, benchmark US crude rose 93 cents to 37.98 a barrel in electronic trading on the New York Mercantile Exchange. It fell 1.67 to 37.05 on Friday. Brent crude, the international standard, gained 83 cents to 40.10 a barrel.

The US dollar inched up to 105.54 yen from 105.34 yen. The euro cost 1.1732, up from 1.1717.


Vistara to start flights to Bangladesh from Nov 5 under air bubble pact
Sharing best practices, knowledge among SCO members to help startups: Goyal
Cathay Pacific cuts 8,500 jobs, shutters regional airline
Asian shares rise after Wall Street gains on solid earnings
HDFC Bank Q2 net profit rises 16% to Rs 7,703 cr
Brexit trade talks: both EU and UK dig in heels
Sensex declines over 200 pts in early trade; Nifty tests 11,900
Apple unveils new iPhones for faster 5G wireless networks
Vedanta plummets over 24 pc after delisting fails
Govt to give cash vouchers to staff in lieu of LTC this year: FM
Govt to facilitate renewal of international driving licence for citizens who are abroad
Eyeing 20 pc share in automobile transportation by 2021-22, Railway min meets industry leaders
Zydus Cadila launches new product for COPD patients in India
Japan seeks to boost catch limits of prized bluefin tuna
Glenmark Pharma gets USFDA nod to market drug for relapsing multiple sclerosis
States should stand firm, reject Centre's options on GST compensation cess: Chidambaram
Your jobs, increments, bonuses are secure: Puri to HDFC Bank employees
Vodafone lenders approve merger of Indus Towers with Bharti Infratel
Flipkart partners Paytm for festive sale
Markets mixed after Trump-Biden debate; data lifts China
KERALA NEWS
Kerala CM writes to counterparts in Maha, TN
 Thiruvananthapuram: In the backdrop of spiralling prices of onions and other vegetables in Kerala, C  
COVID 19: Kerala registers 7,101 recoveries, 20 deaths
Kerala Congress P C Thomas faction likely to join UDF
Seaplane to be used for flights between Sabarmati riverfront, Statue of Unity reaches Kochi
INTERNATIONAL NEWS
Taiwan says new arms purchases to boost credible defence
 Taipei, Oct 27 (AP) Taiwan said Tuesday that proposed US sales of missiles and other arms systems wi
President Donald Trump ahead of Joe Biden by 5 points in Texas: Poll
Pak to strengthen ties with Afghanistan: PM Imran
COVID-19 vaccination to begin in Venezuela Around April - President Maduro
NATIONAL NEWS
Loan moratorium: Lenders to credit interest on interest' to borrowers by Nov 5, Centre tells SC
 New Delhi, Oct 27 (PTI) The Centre has informed the Supreme Court that lenders have been directed to
Man attacks TV actress with knife in Mumbai
Polls open in first phase of Bihar elections
Former Union Min Dilip Ray gets three-yr jail in coal scam case
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