[HONG KONG] Markets mostly rose in Asia on Wednesday as investors looked past spiking virus infections and warnings of a US surge in the disease, with eyes on the economic recovery as countries press ahead with the easing of lockdowns. Read more at The Business Times.
He warned that a jump in infections in Texas and Florida are driving the daily national total to more than 40,000, and they need to be tamped down quickly to avoid dangerous surges elsewhere in the country, adding that the final death toll could be"very disturbing".
"The next couple of weeks may tell us much about how the rest of the pandemic develops as the renewed wave of the virus in some US states is starting to weigh on economic activity," said AxiCorp's Stephen Innes. Hong Kong was closed for a holiday, though investors were keeping tabs on the city on the anniversary of the handover to China and after Beijing introduced a sweeping security law to prevent further unrest in the financial hub after a year of protests.
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