Chinese stocks underpin Asia; markets wary of virus spike, U.S. presidential debate

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Chinese stocks underpin Asia; markets wary of virus spike, U.S. presidential debate
Sverige Senaste nytt,Sverige Rubriker

Chinese stocks drove Asian markets higher on Monday, though sentiment was still cautious ahead of a U.S. Presidential debate and as a spike in new coronavirus cases undermined global economic recovery hopes.

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reversed early losses to edge up, led by positive news on the coronavirus front with new infections in the country's second-most populous state of Victoria down sharply and allowing authorities to ease some of the mobility restrictions.

Particularly worrying is a resurgence of COVID-19 cases in Europe, dousing earlier hopes that authorities might have started to exert some control on the outbreak and raising further strains on businesses already grappling with losses. COVID-19 cases are edging closer to 33 million around the globe with 992,470 reportedly dead with Europe seeing a surge in new infections.

Investor focus will next be on the first debate between U.S. President Donald Trump and rival Joe Biden on Tuesday ahead of the November election.

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We’re all wary of the US presidential debate

Sverige Senaste nytt, Sverige Rubriker



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