Asian shares seen restricted on U.S. election, stimulus concerns

21.09.2020 - Kulakov Vladimir
Asian shares seen restricted on U.S. election, stimulus concerns

Asian share markets and majority of currencies were seen restrained on Monday. This followed after investors’ sentiment was affected by concerns about U.S. fiscal stimulus and vaccine clinical trials amid an upsurge of new virus cases in Europe.

MSCI’s broadest index of Asia-Pacific shares outside Japan recorded a 0.1% decline.

Australia’s benchmark index was 0.5% lower, while New Zealand dropped 0.6%. Chinese shares started turbulently as the blue-chip index shed 0.3%.

On Wall Street, U.S. shares performed weakly. The Dow tallied a 0.9% decline, while the S&P 500 fell 1.1%.

The tech-heavy Nasdaq plunged 1.07%. Futures’ performance was subdued as the S&P e-minis dropped 0.1%.

The coronavirus crisis stands as the biggest threat to global growth, with analysts’ outlook for growth and inflation still murky.

Risk disclaimer "Market Solutions Ltd – Suite 305 Griffith Corporate Centre P.O. Box 1510 Beachmont, Kingstown, St Vincent and the Grenadines is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0128 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of Market solutions Ltd and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from umarkets.ai or Market Solutions limited." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue
×

Help with deposit?