Asia market to open lower on pandemic worries, shrugging off U.S. equities upswing

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NEW YORK: Asia shares were set to open lower on Wednesday after U.S. President Donald Trump's comments regarding the country's surge in novel coronavi...

Asia shares were set to open lower on Wednesday after U.S. President Donald Trump's comments regarding the country's surge in novel coronavirus cases outweighed a slight rally on Wall Street.

"Markets focused on the positives overnight," Hayden Dimes of ANZ Research wrote on Wednesday."However, the main near-term question for the U.S. economy is ... what damage has been done in July, as COVID-19 cases have surged." U.S. Republicans and Democrats remained far apart, however, on how much to spend on coronavirus relief, as Democrats called Republicans' $1-trillion-proposal insufficient.

 

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