Asian indices fall as coronavirus cases surge; Wall Street declines


Source: newschant.com

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Shares skidded in Asia on Tuesday after surging coronavirus cases and waning hopes for US financial stimulus gave Wall Street its worst day in a month. Stock benchmarks fell in Hong Kong, Sydney and Seoul. Tokyo was flat. Shanghai recovered from early losses to edge larger. Overnight, the S&P 500 fell 1.9 per cent, deepening its losses from final week. Stocks of corporations worst hit by the pandemic logged a few of the largest losses. Cruise traces, airways and power shares tumbled in tandem with crude oil costs. In one other signal of warning, Treasury yields pulled again after touching...