Asian stocks slide as virus infections surge, Federal Reserve issues warning

TOKYO: Asian shares fell sharply on Friday and oil prices extended losses on growing concerns that a resurgence of coronavirus infections could stunt the pace of recovery in economies reopening from lockdowns, or even lead to fresh restrictions.

US stock futures, the S&P 500 e-minis, rose 1.4% in Asian time on Friday after tumbling overnight, but that did little to help sentiment. The Chinese yuan headed for its biggest daily decline in two weeks, underscoring investors’ risk-averse mood in Asia. “So it is not hard to project a ‘second bear wave’ in markets from a ‘second wave’ of infections; as economies re-open, especially in markets that have rebounded … in defiance of all the uncertainties that the world is beset with.”

Coronavirus cases have jumped in several US states in recent days, raising concern among experts who say authorities have loosened anti-virus restrictions too early.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

London stocks drop on worries of second wave of infections, Fed outlook | Malay MailLONDON, June 11 — London stocks fell for the fourth straight day today, hit by fears of a second wave of Covid-19 infections in the United States and a bleak economic outlook by the Federal Reserve. Total cases of the novel coronavirus in the United States surpassed two million yesterday,...
Источник: malaymail - 🏆 1. / 86 Прочитайте больше »