Almost every business has suffered due to the lockdown and
quarantine. However, Asian stock markets are seeing an unusual rise even during
the coronavirus pandemic. Local stock markets of Japan and South Korea continue
to gain immensely.
The Korean Kospi index was already at 9 percent in January
2020 whereas Japanese Nikkei has regained its coronavirus losses. The US stock
markets have a similar situation where the stock markets have not reacted to
the virus as they did when the outbreak happened in early 2020.
Hong Kong and its stock market is another example of market
retention. The Hang Seng index closed on almost 11 percent lower than on Jan 2,
the first trading day of 2020, despite the country embarked in a fight for
independence with China.
In early July, the stock market levels have also increased
in the Chinese market compared to January. The number of cases has been the most
stable which has impacted the market quite substantially. Yesterday, the first
batch of companies debuted on Shenzhen overhauled Nasdaq-style ChiNext index
and were overrun with investors.
Take a look at the following infographic indicating the key
Asian stock markets gaining despite coronavirus concerns.
Infographic by: statista
