Numerous factors may affect the stock markets. For instance, the coronavirus outbreak created additional pressure on the markets. Moreover, the outbreak is far from being over. Unfortunately, OPEC and its allies caused another one as they failed to reach a deal.
Moreover, governments within the Group of Seven Nations are expected to announce stimulus measures. This way, they want to mitigate the impact, but it is too early to say whether such measures will improve the situation or not.
President Donald Trump met with Republican lawmakers on Capitol Hill. Trump proposed to enact a 0% payroll tax rate for employers and employees for the rest of the year.
Stock markets around the globe are struggling to cope with the coronavirus outbreak as well as the economic impact of this outbreak. In this situation, the U.S. government should think twice before enacting any measures.
Stock Markets and positive news
Hopefully, stock markets across the region saw gains on the day.
Both indexes earlier declined more than 3% each during the Tuesday session. Nevertheless, they bounced back by the end of the day. The Nikkei 225 added 0.85% higher at 19,867.12. Another Japanese index Topix gained 1.28% to end its trading day at 1,406.68.
The Shanghai Composite rose 1.82% to around 12,996.76. At the same time, the Shenzhen composite gained 2.425% to approximately 1,887.34. The Shenzhen component added 2.64% to 11,403.47.
Furthermore, the Hang Seng index in Hong Kong soared 1.59% as of its final hour of trade. Shares of Chinese tech giants Tencent and Alibaba rose 2.6% and 3.36%, respectively.
Importantly, South Korea’s Kospi index ended its trading day 0.42% higher at 1,962.93. Also, Australia’s S&P/ASX 200 recovered from its earlier slip, the index added 3.11% to end its trading day at 5,939.60.
Private and governmental organizations should pay more attention to stock markets.