HONG KONG - Asian markets fluctuated on Wednesday after Donald Trump called off talks on a much-needed stimulus before urging lawmakers to agree on handouts for struggling Americans and help for small businesses.
The president accused Democratic House Leader Nancy Pelosi of negotiating in bad faith and said he had asked Senate Majority Leader Mitch McConnell to instead focus on confirming his appointed judge to an opening on the Supreme Court. He added that after the election, which he said he would win,"we will pass a major Stimulus Bill that focuses on hardworking Americans and Small Business".
"Too little support would lead to a weak recovery, creating unnecessary hardship for households and businesses," Powell said."Even if policy actions ultimately prove to be greater than needed, they will not go to waste." There were also gains in Mumbai, Singapore, Taipei and Wellington, but Tokyo, Manila and Jakarta were in the red.With Joe Biden well ahead in national and battleground polling, markets have been pricing in the likelihood he will take the White House, with Democrats possibly winning both houses of Congress.
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Source: The Straits Times - 🏆 8. / 63 Read more »