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Stocks slide after Trump diagnosed with coronavirus

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A wave of risk aversion swept markets on Friday after U.S. President Donald Trump said he and his wife had tested positive for COVID-19 and will ...

LONDON: Stocks sold off and investors quit riskier assets on Friday after U.S. President Donald Trump said he and his wife had tested positive for the coronavirus and would isolate, four weeks before U.S. elections.Advertisement

He later tweeted he and the first lady had tested positive:"We will begin our quarantine and recovery process immediately," he said. How long the risk-averse moves will last depends on the extent of the infection within the White House, said Francois Savary, chief investment officer at Swiss wealth manager Prime Partners.

Graphic: Trump tests positive for COVID-19, US stock futures fall - https://fingfx.thomsonreuters.com/gfx/buzz/gjnvwjzkopw/trumpper cent20covid.png)

 

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