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Asian stocks fall as virus spread accelerates | Malay Mail

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SHANGHAIi, Nov 13 — Stocks in Asia fell today, following on from selloffs in the United States and Europe as investors feared the economic impact of an accelerating rise in coronavirus infections. The United States has reported fresh daily records for new Covid-19 case hospitalisations this week,...

People wearing surgical masks walk past a screen showing Nikkei index outside a brokerage in Tokyo. — Reuters pic

European officials have also warned against complacency and said measures to control infections must continue despite hopes that vaccines under development could help to slow the spread of the novel coronavirus. Chinese blue-chips led losses, falling 1.21 per cent. Australian shares lost 0.47 per cent, Seoul's Kospi was down 0.16 per cent and the Hang Seng was 0.55 per cent lower.“My view is this is the dark just before dawn,” said Michael Frazis, portfolio manager at Frazis Capital Partners in Sydney.

Frazis said many risks nevertheless remained for short-term traders amid ongoing uncertainty over issues like the US stimulus response. Today, US yields continued to tick lower, with benchmark 10-year Treasury notes yielding 0.8766 per cent, compared to a Thursday close of 0.886 per cent.

 

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