Asia shares were set to open lower on Wednesday after U.S. President Donald Trump's comments regarding the country's surge in novel coronavirus cases outweighed a slight rally on Wall Street.
"Markets focused on the positives overnight," Hayden Dimes of ANZ Research wrote on Wednesday."However, the main near-term question for the U.S. economy is ... what damage has been done in July, as COVID-19 cases have surged." U.S. Republicans and Democrats remained far apart, however, on how much to spend on coronavirus relief, as Democrats called Republicans' $1-trillion-proposal insufficient.