Asian stocks were set to dip on Thursday after a choppy Wall Street session as spiking coronavirus cases and prospects of new lockdowns erased earlier confidence about a global economic recovery.
A man wearing a protective face mask, following the coronavirus disease outbreak, is silhouetted in front of a stock quotation board outside a brokerage in Tokyo, Japan, June 15, 2020. REUTERS/Kim Kyung-Hoon
“A cautious tone has re-emerged in markets amid a quiet night for data,” Tapas Strickland, a director at the National Australia Bank, said in a note. “Markets are still trying to grapple with the implications of rising coronavirus infections and hospitalization rates in the southern parts of the U.S. given there is a high bar to re-impose lockdowns.”
The dollar rose from early lows as investors wary of wider geopolitical risks sought its relative safety, but pared gains by the session’s end.
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