However, Treasury Secretary Steven Mnuchin said there would be no more shutdowns, telling CNBC:"I think we've learned that if you shut down the economy, you're going to create more damage."
In morning trade, Hong Kong was down more than one percent, Tokyo went into the break 1.5 per cent down and Shanghai shed 0.7 per cent. "We... had seen an incredible rally from the bottom so the idea that investors might be looking to take some profits here is certainly what's driving the sell-off as well," Lori Heinel, at State Street Global Advisors, told Bloomberg TV.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asia, Euro stocks and US futures slump on Fed caution, virus fearsSTOCKS in Europe and Asia tumbled with US equity futures on Thursday as fears of a second wave of the virus and a cautious outlook from the Federal Reserve clouded hopes for a speedy economic recovery. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
SE Asia Stocks-Philippines falls as imports dive, Indonesia virus cases surgeREUTERS
Source: TODAYonline - 🏆 1. / 99 Read more »
Asia stocks set to fall on Fed's dour outlookAsian stocks were set to fall on Thursday after gloomy economic projections from the U.S. Federal Reserve sent the greenback and most Wall Street ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
SE Asia Stocks-Philippines, Indonesia plunge as stimulus, COVID concerns weighREUTERS
Source: TODAYonline - 🏆 1. / 99 Read more »
EMERGING MARKETS-Asia stocks plunge; most currencies weaker
Source: TODAYonline - 🏆 1. / 99 Read more »
US: Stocks open sharply lower amid worries over economy, virus[NEW YORK] Wall Street stocks opened sharply lower Thursday after another spike in US jobless claims amid worries over rising coronavirus cases in some states that have reopened their economies. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »