Asian markets slip as dour US data reinforces worry over Covid-19


Source: straitstimes.com

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HONG KONG • Asian markets struggled and the US dollar extended losses yesterday on data showing the US economy suffered its worst quarter on record, while a tweet from President Donald Trump suggesting delaying the November election 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 China is slowly emerging from the pandemic crisis. Wall Street's S&P 500 and Dow dropped following the dour US readings, while Frankfurt led steep losses in Europe after Germany announced that the region's biggest economy...