US futures, Asia stocks slip as Trump tests positive for COVID-19

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 66%

United States News News

United States United States Latest News,United States United States Headlines

HONG KONG: US futures and most Asian equities sank on Friday (Oct 2) after Donald Trump announced he and his wife had tested positive for coronavirus.

02 Oct 2020 03:15PMHONG KONG: US futures and most Asian equities sank on Friday after Donald Trump announced he and his wife hadThe news compounded uncertainty on trading floors, where investors were already in a pessimistic mood owing to US lawmakers' failure to pass a new stimulus bill."Tonight, @FLOTUS and I tested positive for COVID-19. We will begin our quarantine and recovery process immediately. We will get through this TOGETHER!" Trump tweeted in the early hours.

The greenback climbed against higher-yielding currencies including the Australian dollar and South Korean won. "The risk-off reaction to Trump's positive COVID-19 test feels like the last of the Biden pricing is getting done," he said in a note."The quarantine will mean he misses three swing state rallies - with critical Florida among them."Democrats pushed their latestthrough the House, where they hold a majority, but without any opposition support, there is no chance it will be agreed by the Republican-dominated Senate.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 6. in US

United States United States Latest News, United States United States Headlines