Global stocks retreat on rising second wave fears | Malay Mail

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TOKYO, June 18 — Asian stocks and Wall Street futures fell yesterday as spiking coronavirus cases in some US states and China crushed hopes of a quick global economic comeback from the pandemic. S&P 500 mini futures fell 1.2 per cent in early Asian trade while MSCI’s broadest index of...

Japan’s Nikkei lost 1.3 per cent while in mainland China, bluechip CSI300 shares shed 0.1 per cent in early trade. — AFP pic

Japan’s Nikkei lost 1.3 per cent while in mainland China, bluechip CSI300 shares shed 0.1 per cent in early trade. The daily count of infections also hit a new benchmark in California and Texas, while Florida and Arizona also recorded the second-highest daily increases. “All this suggests that the more you re-start the economy, the more infections you have. People have thought the economy will quickly recover in July-September after dismal April-June. But that is now becoming uncertain.”

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