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Asian Stocks Fall After Lockdowns Spark Rout

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Key Points

  • Asian markets mostly fell Thursday after a meltdown in New York and Europe sparked by France reimposing a nationwide coronavirus lockdown, with fears other major economies could follow suit.
  • Tokyo, Hong Kong, Seoul, Singapore, Bangkok, and Wellington all fell, with Sydney and Taipei losing more than one percent each. Manila shed two percent, though Mumbai edged up.
  • Shanghai edged up following reports Joe Biden, who is well ahead of Donald Trump in national and battleground polls, will reconsider the president’s tariffs on Chinese imports.
  • Visit The Financial Today’s homepage for more stories.

HONG KONG — Asian markets mostly fell Thursday after a meltdown in New York and Europe sparked by France reimposing a nationwide coronavirus lockdown, with fears other major economies could follow suit.

With sentiment already dampened by US lawmakers’ failure to pass a new stimulus and election uncertainty, the news out of Paris was the last thing investors wanted to hear as the recovery from this year’s global financial rout was already stuttering.

France’s President Emmanuel Macron’s decision to shut down the country for a month came as Germany said it would impose drastic new curbs as experts warned hospitals would soon be overwhelmed.

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