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Equity Markets Mixed As Virus Surges in US, Europe

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Key Points

  • The fresh surge in coronavirus cases across the United States and Europe weighed on stock markets Wednesday, while investors have essentially given up on the chances of a new stimulus out of Washington.
  • European leaders are being forced to revert to strict, economically damaging measures to control the spread of the virus as some record a spike in deaths and new cases.
  • Tokyo, Hong Kong, Mumbai, Taipei, Singapore, and Manila were in the red, but Shanghai, Seoul, and Wellington rose.
  • Visit The Financial Today’s homepage for more stories.

HONG KONG — The fresh surge in coronavirus cases across the United States and Europe weighed on stock markets Wednesday, while investors have essentially given up on the chances of a new stimulus out of Washington.

With US lawmakers unlikely to agree on any new rescue package before Tuesday’s election, analysts said the new wave of virus infections and lingering uncertainty over the vote mean equities will face a wobbly few days.

European leaders are being forced to revert to strict, economically damaging measures to control the spread of the virus as some record a spike in deaths and new cases.

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