Asia (except ME & Indian SC)

Asian stocks fall further amid oil market turmoil

BEIJING (AP) — Asian stock markets fell further Wednesday as oil prices recovered some of their record-setting losses amid anxiety about the coronavirus pandemic’s mounting economic damage.

Benchmarks in Tokyo, Hong Kong and Southeast Asia retreated while Shanghai was little-changed after Wall Street suffered its biggest decline in weeks.

Clusters among crew on 2 ships in Taiwan, Japan

BANGKOK (AP) — Japanese officials said Wednesday that 33 crew members on a docked cruise ship tested positive for the coronavirus in one day of testing after the first case from the ship was reported.

The Italian-operated Costa Atlantica has been docked in Nagasaki since late January for repairs and maintenance by Mitsubishi Heavy Industry. The ship carries 623 crew members, including a Japanese translator, but it was empty of passengers during the work.

Wuhan embraces Yangtze River as virus-hit city reopens

WUHAN, China (AP) — Bathed in golden late-afternoon light, Chen Enting snapped a photo of his ticket to commemorate his first ferry ride across the Yangtze River after a 76-day quarantine ended in the Chinese city where the coronavirus pandemic began.

The reopening of ferry services on the Yangtze, the heart of life in Wuhan for two millennia, was an important symbolic step to get business and daily life in this city of 11 million people back to normal.

China to start consultations on debt standstill with poor borrowers

BEIJING, Apr 21 (APP): China will carry out specific work through bilateral consultations at the request of relevant poor borrowers in accordance with the G20 Debt Service Suspension Initiative.

China has put forward a systematic proposition on the debt service suspension based on the consensus reached by G20 leaders when participating in the discussion of Debt Service Suspension Initiative for Poorest at the G20 Finance Ministers and Central Bank Governors Meeting, an official from the Chinese Finance Ministry told China Economic Net (CEN) on Tuesday.

Indians stranded in Japan want to go home

New Delhi, Apr 21 (PTI) A research scholar waiting to meet his newborn baby, a graduate worried about the job offer in Bangalore and a pregnant woman whose four-day work trip now stretches interminably are among the at least 220 Indians stranded in Japan and getting increasingly desperate to return home.

Stuck in a foreign land as COVID-19 tightens its grip on many countries, dwindling financial resources and expired medical insurances are adding to their tensions.

Indonesia discovers new oil reserves

JAKARTA, April 21 (Xinhua) -- Indonesia's state-owned oil company Pertamina Hulu Energi (PHE) through its subsidiary Pertamina Hulu Energi Offshore Northwest Java (PHE ONWJ) has discovered oil reserves from drilling activities at its FK-1 well.

PHE's Managing Director Meidawati said in a written statement quoted by national news agency Antara here on Tuesday that PHE continued drilling its FK-1 well on Indramayu waters in Indonesia's province of West Java despite the current COVID-19 outbreak.

Central gov't has authority to maintain constitutional order in Hong Kong: spokesperson

BEIJING, April 21 (Xinhua) -- The central government has the authority and responsibility to safeguard constitutional order in the Hong Kong Special Administrative Region (HKSAR), a spokesperson said Tuesday.

When the full and faithful implementation of the "one country, two systems" principle and the HKSAR Basic Law is seriously affected, or the fundamental interests of the nation and Hong Kong are damaged, the central government will definitely take action, said a spokesperson for the Hong Kong and Macao Affairs Office of the State Council.

Japan corona cases surge over 10,000 with hospitals stretched

TOKYO, April 21 (NNN-AGENCIES) — Japanese medics are warning more must be done to prevent the coronavirus from overwhelming the country’s healthcare system as confirmed cases passed 10,000, despite a nationwide state of emergency.

Experts have been alarmed by a recent spike in COVID-19 infections, with hundreds detected daily.

Japan’s outbreak remains less severe than in hard-hit European countries, but its caseload is one of Asia’s highest after China and India, and is roughly on par with South Korea.

WHO warns rush to ease virus rules could cause resurgence

BANGKOK (AP) — The World Health Organization said Tuesday that rushing to ease coronavirus restrictions will likely lead to a resurgence of the illness, a warning that comes as governments start rolling out plans to get their economies up and running again.

“This is not the time to be lax. Instead, we need to ready ourselves for a new way of living for the foreseeable future,” said Dr. Takeshi Kasai, the WHO regional director for the Western Pacific.

Thailand: Shares skid after oil prices dip into negative territory

BANGKOK (AP) — Asian shares skidded on Tuesday after U.S. oil futures plunged below zero with storage for crude nearly full as demand collapses due to the pandemic.

Shares fell in Tokyo, Hong Kong and Shanghai and New York stock futures retreated after the S&P 500 sank 1.8% overnight, giving up some big gains from last week.

In a stunning development, the cost to have a barrel of U.S. crude delivered in May plummeted to negative $37.63. It was at roughly $60 at the start of the year.

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