Asia markets hit as US jobless claims jump\, stimulus talks stall
Asia markets hit as US jobless claims jump, stimulus talks stall
Friday, 24 July 2020 () Hong Kong (AFP) July 24, 2020
Asian equities sank Friday, dragged by a worse-than-forecast US jobless claims report that fanned fears about the economic recovery, while the mood was also being darkened by China-US tensions, stalled stimulus talks in Washington and a surge in virus cases. The losses come at the end of another tough week for markets, which have shown signs of stuttering after a months-long rally from their
Wall Street dropped sharply on Thursday as investors fretted over the first weekly jump in jobless claims in months and a battle in Congress over the extension of a special unemployment payout. Conway G. Gittens has the action.
Friday, 24 July 2020 ()
