Asian stocks under pressure after spike in coronavirus cases

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 66%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Asian stocks were expected to come under pressure on Wednesday, as a spike in new coronavirus infections weighed on sentiment, although U.S.

assurances that the China trade deal was intact and upbeat economic data provided some reasons for optimism.

Kyle Rodda, market analyst at IG Markets, said late selling seen in Wall Street suggested a"soggy start" for Asian markets."We expect something of a positive start for Asian trade, but we will have overhanging concern about the virus itself and a second wave unfolding," said Kyle Rodda, market analyst at IG Markets."The market is clinging on to a recovery as much as it can."Japan's Nikkei 225 futures fell 0.02per cent.

Coronavirus cases in the U.S. surged 25per cent in the week ended June 21 compared from the week before, according to a Reuters analysis.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian stocks set to track upbeat Wall Street despite rising infectionsAsian stocks were set to edge up on Tuesday after oil prices rose and technology firms pushed Wall Street higher, although investors remained ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

EMERGING MARKETS-Asian stocks, FX rangebound on second wave worry, Banks pressure Thai sharesREUTERS
Source: TODAYonline - 🏆 1. / 99 Read more »

EMERGING MARKETS-Asian stocks, FX rangebound on second wave worry, Banks pressure Thai sharesREUTERS
Source: TODAYonline - 🏆 1. / 99 Read more »