Stocks in Asia Trade in a Mix Session as Investors Monitor Covid-19 Situation in India

Stocks in Asia mixed in the morning session on Monday, May 3, 2021, as investors monitored the coronavirus situation in India after reaching more than 400,000 daily new cases over the weekend.

 

As of 9:01 local time in Thailand, Nikkei dropped 0.83%, SSEC fell 0.81%, HSI plunged 1.05%, ASX 200 rose 0.36% and Kospi increased 0.60%.

On last Friday, Dow Jones closed 0.54% lower, S&P 500 fell 0.72% and Nasdaq plunged 0.85%.

Thailand’s SET Index on April 30, 2021, closed closed at 1,583.13 points, decreased 7.33 points or 0.46% with a trading value of 85.4 billion baht. The market will be closed on May 3 and 4 for a holiday.

 

Investors continued to monitor the Covid situation in India as the country struggled to battle the second wave of the coronavirus. On Saturday, India recorded more than 400,000 daily new cases for the first time after 10-consecutive day with more than 300,000 daily new cases.

 

Last Friday, the international benchmark Brent crude fell $1.31 or 1.91% and closed the last day’s trading for the front-month June contract at $67.25 per barrel. Meanwhile, U.S. West Texas Intermediate (WTI) crude for June dropped $1.43 or 2.2% to $63.58 per barrel.