Global stocks, US futures mixed as virus cases surge in Asia

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Asian stock markets are mixed after Taiwan and Singapore tightened anti-coronavirus restrictions and Wall Street turned in its biggest weekly decline in three months.

cases in Thailand and Taiwan fueled disease fears and Chinese factory and consumer activity were weaker than expected.Wall Street futures fell after the S&P 500 index gained Friday, rebounding from heavy selling earlier, but finished the week down 1.4% for its biggest weekly loss in three months.

Investors also looked ahead to Tuesday's release of notes from the latest U.S. Federal Reserve meeting. That followed three days of heavy selling driven by investor worries about a possible rise in U.S. inflation. The major indexes had hit all-time highs the previous week.

 

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