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Asian stocks set to track upbeat Wall Street despite rising infections

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Asian stocks were set to edge up on Tuesday after oil prices rose and technology firms pushed Wall Street higher, although investors remained worried about fresh coronavirus outbreaks across the globe.

FILE PHOTO: A man wearing a protective face mask, following the coronavirus disease outbreak, walks in front of a stock quotation board outside a brokerage in Tokyo, Japan, May 18, 2020. REUTERS/Kim Kyung-Hoon

McCarthy added that data on manufacturing will impact the markets in the day ahead, adding that the data may be much worse than expected. The firmer sentiment helped riskier currencies such as the Australian dollar push higher, even as investors saw signs of rising coronavirus outbreaks. The dollar index fell 0.77%, with the euro up 0.13% to $1.1273. The Australian dollar rose 0.33% versus the greenback at $0.693.

 

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Decent timing on story

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