Asian shares falter again, poised for first weekly loss since late-Sept - News Summed Up

Asian shares falter again, poised for first weekly loss since late-Sept


"For a crisis of this scale, Asian equities have performed remarkably well," Citi analysts wrote in a note. E-Mini futures for S&P500 stumbled 0.9% in early Asian trading, a signal Wall Street would open in the red later in the day. Record numbers of coronavirus cases worldwide and the Nov 3 US presidential election remained the major factors looming ahead for investors. On Wednesday, global coronavirus cases rose by over 500,000 for the first time as France and Germany prepped fresh lockdowns. The dollar was weaker against the Japanese yen at 104.46 while the risk-sensitive Australian dollar rose 0.3% to $0.7050.


Source: bd News24 October 30, 2020 01:52 UTC



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