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Asian indices fall as coronavirus cases surge; Wall Street declines

Stock benchmarks fell in Hong Kong, Sydney and Seoul. Tokyo was flat. Shanghai recovered from early losses to edge higher

loss, economy, shares, stocks, market, investment, savings, gdp, growth, revenue
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Stocks of companies worst hit by the pandemic logged some of the biggest losses

Press Trust Of India
Shares skidded in Asia on Tuesday after surging coronavirus cases and waning hopes for US economic 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 higher.

Overnight, the S&P 500 fell 1.9 per cent, deepening its losses from last week. Stocks of companies worst hit by the pandemic logged some of the biggest losses. Cruise lines, airlines and energy stocks tumbled in tandem with crude oil prices.

In another sign of caution, Treasury yields pulled back after touching their highest level since June

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First Published: Oct 27 2020 | 11:45 PM IST

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