August 14, 2020

Asian markets struggle as US stimulus impasse drags on

Hong Kong (AFP) – Asian markets drifted Friday as investors grew increasingly concerned about the stalemate in Washington on a new stimulus for the world’s top economy.Hopes that Democrats and Republicans would cast aside their mutual animosity to stump up much-needed cash for struggling Americans have been key to supporting equities for weeks.But they were dealt a blow Thursday when senators broke up for a summer recess, saying they would not return until early next month, while both sides continued to trade accusations over who was to blame for the impasse.Democrats have called on Republican…


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