The coronavirus pandemic created numerous challenges in 2020. Unfortunately, the pandemic is not over yet and this issue remains one of the most discussed topics in the world. It is worth mentioning that, stocks in Asia-Pacific strengthened their positions on Monday. Interestingly, investors continued to monitor the situation surrounding the coronavirus pandemic, and this factor affected stocks. It is not surprising that investors are closely monitoring the situation as they would like to learn more about the pandemic.
People should take into consideration that, Hong Kong’s Hang Seng index led gains among the region’s major markets as it added 2.41% to end its trading day at 30,159.01.
Let’s have a look at the shares of Hong Kong-listed shares of China Evergrande New Energy Vehicle Group. As a reminder, shares of the electric car unit of Evergrande jumped 51.67% on Monday, after the firm announced it has lined up investors for a $3.35 billion share placement. Moreover, Hong Kong-listed shares of Evergrande Group gained 7.27% on the day.
It is worth noting that, mainland Chinese stocks also saw gains on the day. The Shanghai Composite added 0.48% to end its trading day at 3,624.24. At the same time, the Shenzhen Component gained 0.521% to 15,710.19.
Importantly, South Korea’s Kospi also saw significant gains as they closed 2.18% higher at 3,208.09.
In Japan, the Nikkei 225 added 0.67% to close at 28,822.29. In the meantime, the Topix index advanced 0.29% to end its trading day at 1,862.
Interestingly, shares in Australia edged higher on the day, with the S&P/ASX 200 up 0.36% to 6,824.70.
Stocks and various factors
Investors are monitoring various factors. Interestingly, China surpassed the U.S. as the world’s largest receiver of foreign direct investment. This information is taken from the report released by the United Nations Conference on Trade and Development.
People should keep in mind that, China brought in $163 billion in inflows last year, compared to $134 billion attracted by the U.S.
As stated above, investors continued to monitor the situation surrounding the coronavirus pandemic. The countries in different parts of the world are trying to cope with the coronavirus pandemic. Hopefully, public and private organizations are working round the clock to improve the situation. People should follow the regulations to limit the spread of the virus. Moreover, authorities should cooperate with companies to help people affected by the situation.
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