Asian investors prepare for choppy trade

23 October, 2020 12:00 AM printer

NEW YORK: Asian investors prepared for rough trading on Thursday after a bumpy session on Wall Street amid fears that agreement on a key U.S. stimulus bill will not be reached until after the presidential election on Nov. 3.

In early Asian trade, Australian stocks fell at the open, report agencies.

“We’re looking at a fairly rough day for regional investors, we had a volatile session in the U.S.,” said Michael McCarthy, chief markets strategist at CMC Markets in Sydney. “Futures markets are reflecting a worse day here. We’ll see losses across the region.”

MSCI’s gauge of stocks across the globe shed 0.06per cent. On Wednesday, the Nikkei 225 index closed up 0.31per cent at 23,639.46. The futures contract is down 0.31per cent from that close. Hong Kong’s Hang Seng index futures were up 0.32per cent.