August 12, 2020

Asian markets mostly drop on worries over US stimulus

Hong Kong (AFP) – Worries that US lawmakers might not agree to a fresh stimulus deal any time soon sent most Asian markets lower Wednesday, with Wellington taking a hit after New Zealand recorded its first local virus transmission in more than 100 days.While concerns about China-US tensions and the reimposition of lockdowns in various countries have been weighing on investor confidence in recent weeks, optimism has been supported by expectations the US will stump up another massive rescue package to accompany ultra-loose monetary policy.Even the slow progress on Capitol Hill for more than a we…


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