US stock indexes rise as social distancing extends

Asian markets closed lower on Monday.

Key US stock indexes rose more than 2 percent at the opening of trading on Monday after US President Donald Trump announced the extension of recommendations on social distancing in connection with the coronavirus until April 30.

European exchanges showed a slight increase at the end of the day, while Asian exchanges fell.

European markets were down for most of the day due to investor concerns about the coronavirus pandemic and the European Central Bank’s decision to ask banks not to pay dividends and refrain from buying back their shares until October.

Asian markets closed lower as investors continued to worry about the coronavirus and its effects on the economy.

Hong Kong’s Hang Seng index lost more than 330 points or 1.45 percent, Japan’s Nikkei lost more than 300 points or 1.57 percent, and Shanghai’s lost about 1 percent.

Australia’s S&P/ASX stood out against the region, adding 5 percent after the government promised to provide additional economic assistance.

Google News button