However, Treasury Secretary Steven Mnuchin said there would be no more shutdowns, telling CNBC:"I think we've learned that if you shut down the economy, you're going to create more damage."
In morning trade, Hong Kong was down more than one percent, Tokyo went into the break 1.5 per cent down and Shanghai shed 0.7 per cent. "We... had seen an incredible rally from the bottom so the idea that investors might be looking to take some profits here is certainly what's driving the sell-off as well," Lori Heinel, at State Street Global Advisors, told Bloomberg TV.
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