ASIAN STOCKS SET TO DIP AFTER U.S HALTS STIMULUS TALKS
Asian stocks were set to open lower on Wednesday, weighed by a weaker Wall Street finish after US President Donald Trump dashed hopes for a fourth stimulus package with a tweet.
Futures for the S&P 500 fell 0.58% in early trading, while Australia’s S&P/ASX 200 futures and Japan’s Nikkei 225 futures lost 0.29% and 0.17%, respectively.
Wall Street had initially moved higher on Tuesday on news that President Trump had returned to the White House from his COVID-19 hospitalization, removing some of the political uncertainty that hit investor sentiment last week.
However, those gains sharply reversed when the president announced on Twitter that he had halted negotiations for additional stimulus until after the election.