Asian stocks drop after US Covid-19 surge sends Wall Street lower


Source: technocodex.com technocodex.com

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Equities in much of the Asia-Pacific region fell following a sharp drop on Wall Street spurred by a record surge in new US coronavirus cases and the failure to agree on a new stimulus deal. Japan’s benchmark Topix index fell 0.3 per cent on Tuesday, Australia’s S&P/ASX 200 dropped 1.6 per cent and Hong Kong’s Hang Seng was down 0.4 per cent in morning trading. On Wall Street overnight, the S&P 500 fell as much as 2.9 per cent before paring losses to close down 1.9 per cent, marking its biggest daily loss in more than a month as coronavirus...