Asian stocks falter as global growth fears temper tech boost

📆 31/7/2020 4:15 pm
📰 Reuters

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Asian shares wobbled in a choppy session on Friday as abysmal economic data from the United States and rising global COVID-19 cases weighed on sentiment, despite strong U.S. tech earnings and signs of manufacturing recovery in China and Japan.

FILE PHOTO: A security guard wearing a face mask walks past the Bund Financial Bull statue, following an outbreak of the novel coronavirus disease , on The Bund in Shanghai, China March 18, 2020. REUTERS/Aly Song/File Photo

U.S. GDP collapsed at a 32.9% annualized rate in the second quarter, the deepest decline on record, while jobless claims rose last week, adding to signs the momentum of economic recovery has slowed.

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Don't worry. The US Federal Reserve will shower the Asian markets with liquidity too

Yeah, stocks are right at the top of my worry list.

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