Asia Stocks Trade Higher as Investors Monitor the Reopening Economy after a Lockdown

Stocks in Asia edged higher on Tuesday morning after a fluctuating session in the global stock market yesterday amid the U.S and China tension and the anticipation of reopening the economy.

 

As of 8:32 local time in Thailand, Australia’s ASX 200 rose 1.37%, Taiwan Weighted increased 0.83% and DJ New Zealand advanced 0.22%. Stock markets in China, Japan and Korea were closed on a holiday.

Yesterday, stocks in Wall Street closed higher, while European stocks closed lower. Dow Jones closed at 23,749.76 points, increased 26.07 points or 0.11%. S&P 500 gained 0.43% and Nasdaq jumped 1.23%. However, German’s DAX plunged 3.64%, London’s FTSE dipped 0.16%, European Stoxx 600 declined 2.65%.

 

The tension between the U.S. and China escalated once again after the U.S. President Donald Trump threatened to cancel the trade deal if China failed to buy $200 billion worth of American goods. Moreover, the U.S. was claiming that the lab in Wuhan, China was the cause of the coronavirus pandemic.

Aside from the dispute between the U.S. and China, many countries are focusing on the easing lockdown and the reopening of their economy after a slowdown of coronavirus infection in their country.