Stocks down on fresh lockdown worries, banking sell-off; dollar rises

HONG KONG/NEW YORK: Asian shares extended losses for the second day on Tuesday while the dollar rose, as possible delays in expanded U.S. stimulus and concerns about fresh pandemic lockdowns in Europe knocked investor sentiment.

Overnight on Wall Street, the Dow Jones Industrial Average fell 1.84per cent, the S&P 500 lost 1.16per cent, and the Nasdaq Composite dropped 0.13per cent. "The question is whether or not the residue of that impacts the performance of regional financials," said CommSec market analyst Tom Piotrowski in Sydney.New pandemic measures in the UK set off declines in airline, hotel and cruise companies in both European and U.S. markets, spurring fears about further restrictions.

The death of U.S. Supreme Court Justice Ruth Bader Ginsburg appeared to make the passage of another stimulus package in Congress less likely before the Nov. 3 presidential election, sparking large declines in the healthcare sector.

News piece framing is that NYPD officer agent of Chinese govt, but he is also in US Army Reserve, so China's getting a twofer. 🤬

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