MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS dipped 0.22 percent. Meanwhile, US stock futures ESc1 also eased 0.12 percent. Shares in China .CSI300 initially rose as investors snapped up banking shares due to an improving earnings outlook, but the broader market surrendered those gains and fell 0.55 percent.
Meanwhile, US President Donald Trump’s offer to raise the size of a fiscal stimulus package to win the support of Republicans and Democrats helped narrow Wall Street’s losses.
However, many investors still believe a deal is unlikely before the Nov 3 election.
“There’s a bit of worry there and also at what we’re seeing in America and in Europe regarding the virus and how it seems to be taking hold pretty significantly again,” said Grant Williamson, investment adviser at Hamilton Hindin Greene in Christchurch, New Zealand.
On Wall Street, the Dow Jones Industrial Average .DJI fell 0.07 percent, the S&P 500 .SPX 0.15 percent and the Nasdaq Composite .IXIC dropped 0.47 percent.
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Published at Fri, 16 Oct 2020 05:27:00 +0000