Lingering US fiscal talks, rising COVID cases, US-China trade review
- Date: 12-Aug-2020
- Source: Saudi Gazette
- Sector:Financial Markets
- Country:Lebanon
Lingering US fiscal talks, rising COVID cases, US-China trade review
By Ipek OzkardeskayaGENEVA — Asian equity indices kicked off the week on a mixed note, as US stock futures recovered after a dip at the open. Stocks in Sydney (+1.68%), Seoul (+1.43%) and Shanghai (+0.42%) gained, but the Hang Seng (-0.36%) slid. Tokyo was closed due to bank holiday.Stock traders will focus on two important topics this week: the US fiscal negotiations and the review of the US-China trade deal, that could be at jeopardy due to escalating tensions over Hong Kong and technology.US policymakers couldn't find an agreement on the much-expected fiscal relief