Asian stocks mixed after Wall St rally ahead of US debate
- Date: 30-Sep-2020
- Source: Gulf Today
- Sector:Financial Markets
- Country:GCC
Asian stocks mixed after Wall St rally ahead of US debate
European shares slip ahead of Trump-Biden debate
Shares in Japanese telecoms giant NTT Corp. fell 2.7% after reports said it plans to take over its mobile phone carrier NTT DoCoMo and take it private. DoCoMo said it would announce news after a board meeting Tuesday.
Tech stocks led an earlier rebound in global share prices, but investors began to worry they were overpriced, leading to a new sell-off.
Investors confidence has been supported by infusions of central bank credit into struggling economies and hopes for development of a coronavirus vaccine.
However, the US Congress still is arguing over the size of a new support package after additional unemployment benefits that helped to support consumer spending that powers the biggest global economy expired.
Investors were awaiting Tuesday's 90-minute televised Trump-Biden debate. It comes amid trade tension