Pedestrians walk in front of a quotation board displaying share prices of the Tokyo Stock Exchange in Tokyo May 1, 2020. — AFP pic
Japan's Nikkei shed 1.5 per cent and South Korean stocks 1.4 per cent. E-Mini futures for the S&P 500 lost 0.3 per cent. “The increase in US Covid-19 infection rates has dented momentum across markets despite the improvements in the global economy, which continues to beat most data expectations,” wrote analysts at JPMorgan in a note.
The US dollar went the opposite direction, rising to 97.461 against a basket of currencies from a trough of 95.714 earlier in the month.
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