Asian markets traded flat Thursday despite another exuberant day on Wall Street, while other indicators suggested investor enthusiasm was waning. Wall Street rose Wednesday on continued signs of a coronavirus recovery, but Asian investors woke up to more negative news. In other markets, oil continued to rise on futures exchanges amid signs that major producing countries are sticking with plans to curb output. Oil prices continued their recent rally, with the US crude benchmark climbing more than 5% above $33 a barrel. After sinking to once unthinkable lows, oil prices have rebounded this month after oil producing nations cut output and consumption also picked up.

Source: bd News24 May 21, 2020 10:41 UTC