AFP, Hong Kong :
Most Asian markets fell Monday following another disappointing performance on Wall Street with investors growing concerned about an uptick in infections in Europe and the US, as well as the lack of movement in Washington on a new stimulus.
After months of big gains around the world, fuelled by government stimulus and central bank largesse, equities are beginning to wobble, with analysts warning traders were taking profits as they consider the rally may have been overblown.
A key worry is a spike in new virus cases in key economies that have led to containment measures being reimposed.
Britain’s government, noting hospitalisation rates are doubling every eight days, said fresh restrictions could be put in place across England, with several cities already seeing some measures.
Health Secretary Matt Hancock said the country is at a “tipping point”.
France has seen death numbers creep back up and there are fears Madrid could be overwhelmed. New infection rates in the United States are also picking up again after dropping for weeks.
Most Asian markets fell Monday following another disappointing performance on Wall Street with investors growing concerned about an uptick in infections in Europe and the US, as well as the lack of movement in Washington on a new stimulus.
After months of big gains around the world, fuelled by government stimulus and central bank largesse, equities are beginning to wobble, with analysts warning traders were taking profits as they consider the rally may have been overblown.
A key worry is a spike in new virus cases in key economies that have led to containment measures being reimposed.
Britain’s government, noting hospitalisation rates are doubling every eight days, said fresh restrictions could be put in place across England, with several cities already seeing some measures.
Health Secretary Matt Hancock said the country is at a “tipping point”.
France has seen death numbers creep back up and there are fears Madrid could be overwhelmed. New infection rates in the United States are also picking up again after dropping for weeks.
