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Asia stocks slip as coronavirus cases surge | Malay Mail

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SYDNEY, June 29 — Asian share markets got off to a shaky start today as the relentless spread of the coronavirus finally made investors question their optimism on the global economy, benefiting safe harbour bonds and the US dollar. MSCI's broadest index of Asia-Pacific shares outside Japan eased...

Pedestrians walk in front of a quotation board displaying share prices of the Tokyo Stock Exchange in Tokyo May 1, 2020. — AFP pic

Japan's Nikkei shed 1.5 per cent and South Korean stocks 1.4 per cent. E-Mini futures for the S&P 500 lost 0.3 per cent. “The increase in US Covid-19 infection rates has dented momentum across markets despite the improvements in the global economy, which continues to beat most data expectations,” wrote analysts at JPMorgan in a note.

The US dollar went the opposite direction, rising to 97.461 against a basket of currencies from a trough of 95.714 earlier in the month.

 

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