Asian stocks under pressure, dollar in demand amid resurgent virus fears

📆 16/10/2020 04:23:00
📰 ChannelNewsAsia

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REUTERS: Asian stocks came under pressure on Friday as investors sought safe havens, such as the U.S. dollar, fearing that a resurgence in ...

REUTERS: Asian stocks came under pressure on Friday as investors sought safe havens, such as the U.S. dollar, fearing that a resurgence in coronavirus cases and a lack of additional U.S. fiscal stimulus would hobble the world economy.

Australia and New Zealand investors were likely to"take a breather" on Friday, especially after New Zealand equities climbed 6per cent during October, Williamson said. In Europe, London will enter a tighter COVID-19 lockdown from midnight on Friday as Prime Minister Boris Johnson seeks to tackle a swiftly accelerating second coronavirus wave.

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