SYDNEY/NEW YORK: Asian stocks slipped on Tuesday as investors adjusted risk exposure heading into the U.S. election and as a deadline for Washington to pass an economic stimulus bill approached while Europe reported record daily coronavirus infections.
Caution among investors globally was also driven by rising concerns about the risk of a disputed U.S. election outcome. They were also waiting to see if the final debate between U.S. President Donald Trump and his Democratic challenger Joe Biden on Thursday shifts the trajectory of the election. In contrast to equity markets, currency markets were less pessimistic about the prospect of a stimulus breakthrough with the safe-haven dollar edging slightly lower amid expectations that U.S. lawmakers might still agree on a fiscal stimulus package at the 11th hour.
Concerns that the end of their pillaging and corruption will soon be over?
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Source: The Straits Times - 🏆 8. / 63 Read more »