Stocks in Asia Trade in a Mix Session as Global Covid-19 Cases Surge, China’s GDP Grows

Stocks in Asia Trade in a Mix Session as Global Covid-19 Cases Surge, China's GDP Grows.

Stocks in Asia had a mixed session on Friday as global coronavirus cases continued to grow despite vaccine rollout. Meanwhile, China reported a significant GDP growth by 18.3% in 1Q21.

 

As of 9:36 local time in Thailand on April 16, 2021, Nikkei rose 0.08%, SSEC increased 0.30%, HSI gained 0.02%, ASX200 dropped 0.28% and Kospi fell 0.16%.

 

Early Friday, China’s economy grew 18.3% year on year in the first quarter of 2021, as strong domestic and foreign demands power recovery from a low base in early 2020 when COVID-19 broke out in China.

 

However, coronavirus cases continued to climb globally despite the vaccine rollout. On April 15, 2021, there were 836,306 new cases with 13,839 additional new deaths. Total global cases recorded at 139 million.

India saw the highest uptick with more than 216,000 cases yesterday, while the U.S. and Brazil recorded 74,000 and 80,000 new cases, respectively.

 

Yesterday, Dow Jones closed at 34,035.99 points, increased 305.10 points or 0.90% to make a new high. S&P 500 inched 1.11% and Nasdaq rose 1.31%.