Asian stocks mixed on fading U.S. stimulus hopes, virus concerns

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Asian markets were off to a mixed start on Thursday as hopes of U.S. fiscal stimulus before the presidential election faded and a record number of new coronavirus infections in parts of Europe propelled investors toward safe-havens such as gold.

FILE PHOTO: Photographers take photos near a large screen showing stock prices at the Tokyo Stock Exchange after market opens in Tokyo, Japan October 2, 2020. REUTERS/Kim Kyung-Hoon

Downbeat comments from U.S. Treasury Secretary Steven Mnuchin that a stimulus deal was unlikely be made before the Nov. 3 vote weighed on fragile investor sentiment. With COVID-19 cases surging, some European nations are closing schools as authorities braced for a repeat of the nightmare scenario seen earlier this year.

In a mixed Asian open, Australian equities bucked Wall Street declines, opening slightly higher because of “good support” for material and mining stocks, said Michael McCarthy, CMC Markets chief market strategist.

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Why would asian stocks care about US stimulus? ...

Quick, someone ask Rudy Giuliani what he thinks about this Asian stuff.

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