Stocks stutter on second wave virus fears

Asian shares and US stock futures have wobbled in choppy trade as lingering concerns about a fresh spike in coronavirus cases offset growing hopes for a quick economic recovery. MSCI’s broadest index of Asia-Pacific shares outside Japan on Friday eased 0.06 per...

Global stocks retreat on second wave fears

Asian stocks and Wall Street futures have fallen as spiking coronavirus cases in some US states and China crushed hopes of a quick global economic comeback from the pandemic. S&P 500 mini futures fell 1.2 per cent in early Asian trade while MSCI’s broadest...

Gold gains on fresh China virus fears

Gold edged up overnight as concerns over a fresh coronavirus outbreak in China countered a surge on Wall Street driven by a record rise in US retail sales and optimism over a COVID-19 drug. Spot gold rose 0.09 per cent to $US1,726.17 per ounce by 1852 GMT. US gold...

Fears of fresh virus wave hit Wall Street

Wall Street’s main indexes have slumped, with the S&P 500 falling below 3000 points after a spike in new coronavirus cases in China and parts of the US dampened hopes of a swift economic recovery. Battered shares of US airlines, casino operators and cruise...

Asian stocks sell off on second wave fears

Asian markets have started the week on the backfoot while oil prices slipped as fears of a second wave of coronavirus infections in China sent investors scurrying for safe-havens. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.25 per cent...