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The Russia News

July 5, 2022 5:01 am

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1. Russia

Voice of America – English: Asian Markets Mixed Ahead of Pivotal US Senate Race Results

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Asian markets are mixed Wednesday amid a trio of coinciding political and economic events.

Japan’s benchmark Nikkei index lost 0.3%. Australia’s S&P/ASX index fell 1.1%.  The KOSPI index in South Korea plunged 0.7%, and Taiwan’s TSEC index finished 0.1% lower.

Shanghai’s Composite index closed 0.6% higher.  In late afternoon trading, the Hang Seng index in Hong Kong is 0.2% higher, while Mumbai’s Sensex is down 0.2%. 

Investors were keeping a close eye on the runoff vote in (the southern U.S. state of) Georgia for two U.S. Senate seats, which will determine which party controls the chamber as President-elect Joe Biden prepares to take office on January 20.  Reverend Raphael Warnock, a Democrat, was declared the winner over incumbent Republican Sen. Kelly Loeffler late Tuesday night, while Democrat Jon Ossoff maintained a lead over David Perdue, the other Republican incumbent heading into early Wednesday. 

Meanwhile, at least 50 Hong Kong pro-democracy activists and politicians were arrested Wednesday in a sweeping crackdown on opposition forces under a draconian new national security law; and U.S. President Donald Trump signed an executive order banning financial transactions with eight Chinese software apps, including Alipay and WeChat Pay. 

In commodities trading, gold is selling at $1,953.40, down one point but virtually unchanged percentage-wise (-0.05%).  U.S. crude oil is selling at $49.85 per barrel, down 0.1%, and Brent crude oil is selling at $53.76 per barrel, up 0.3%. 

All three major U.S. indices are trending negatively in futures trading. 

Voice of America – English