NEW YORK (Reuters) – Asian equities were set to draw back on Wednesday as increased issues about coronavirus infections and the timing for a vaccine surpassed the lift from rebounding oil prices and positive corporate profits in Europe.
FILE PICTURE: An investor takes a look at his smart phone in front of a board revealing stock details at a brokerage workplace in Beijing, China January 2,2020 REUTERS/Jason Lee
Leading U.S. transmittable illness expert Anthony Fauci on Tuesday alerted legislators that a premature lifting of lockdowns could cause additional break outs of the fatal coronavirus, which has killed 80,000 Americans and brought the economy to its knees.
” It looks like we’re in for another unfavorable day of trading here in the Asia Pacific area,” said Michael McCarthy, chief market strategist at CMC Markets in Sydney. “It’s extremely clear that the containment has actually done financial damage and the healing will take years and not weeks,” he