02 Oct 2020 03:15PMHONG KONG: US futures and most Asian equities sank on Friday after Donald Trump announced he and his wife hadThe news compounded uncertainty on trading floors, where investors were already in a pessimistic mood owing to US lawmakers' failure to pass a new stimulus bill."Tonight, @FLOTUS and I tested positive for COVID-19. We will begin our quarantine and recovery process immediately. We will get through this TOGETHER!" Trump tweeted in the early hours.
The greenback climbed against higher-yielding currencies including the Australian dollar and South Korean won. "The risk-off reaction to Trump's positive COVID-19 test feels like the last of the Biden pricing is getting done," he said in a note."The quarantine will mean he misses three swing state rallies - with critical Florida among them."Democrats pushed their latestthrough the House, where they hold a majority, but without any opposition support, there is no chance it will be agreed by the Republican-dominated Senate.