Shares were mostly lower Tuesday in Asia as worries over fresh outbreaks of coronavirus cases overshadowed hopes over reopening economies.
Japan’s benchmark ended lower after …
Shares were mostly lower Tuesday in Asia as worries over fresh outbreaks of coronavirus cases overshadowed hopes over reopening economies.
Japan’s benchmark ended lower after briefing logging gains, while shares fell in Hong Kong, Shanghai and Sydney. That followed a mixed session on Wall Street, where gains for technology and health care stocks helped offset more prevalent losses elsewhere.
Optimism over plans for reopening in many countries after shutdowns aimed at battling the pandemic has taken some hits from reports of new waves of infections in states and countries that are further ahead in lifting lockdown measures. Investors pointed to small but disconcerting increases of infections in South Korea, China and elsewhere.
President Donald Trump insisted Monday his administration has “met the moment” and “prevailed” on coronavirus testing, even as the White House ordered everyone who enters the West Wing, apart from Trump, to wear a mask after two aides tested positive for COVID-19 late last week.
