July 31, 2020

Asia markets slip as dour US data reinforce worries over virus

Hong Kong (AFP) – Asian markets struggled and the dollar extended losses Friday on data showing the US economy suffered its worst quarter on record, while a tweet from Donald Trump suggesting delaying November’s elections also jolted investors.The figures from Washington added to fears about the long-running economic impact of COVID-19 and overshadowed a better-than-forecast read on Chinese factory activity that suggested the country is slowly emerging from the pandemic crisis.The Commerce Department said the US economy contracted 32.9 percent in April-June — the worst since records began aft…

source https://this.kiji.is/en/661776613074044001?c=648607265489716321

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