Asian shares waver with coronavirus, focus turns to corporate earnings

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Asian stocks dithered on Wednesday as an increase in coronavirus cases in some parts of the world undermined prospects for a quick economic recovery while oil prices eased on oversupply fears.

FILE PHOTO: Employees of the Tokyo Stock Exchange work at the bourse in Tokyo Japan, October 11, 2018. REUTERS/Issei Kato

Overnight, U.S. stocks fell, halting a five-day winning streak by the benchmark S&P 500 index, its longest this year and driven by better-than-expected economic data. Coronavirus cases were also on the rise in the Australian state of Victoria, which led to lockdown measures being reimposed in Melbourne, the country’s second-biggest city.

 

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Asian shares waver with coronavirus, corporate earnings in focusAsian stocks dithered on Wednesday as an increase in new coronavirus cases in some parts of the world cast doubts over the economic recovery while oil prices eased on oversupply fears. With the pandemic spiraling out of control in the United States the markets will crash.
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