Asian markets swing lower | Sunday Observer

Asian markets swing lower

15 November, 2020

Stocks fell back across Asia on Thursday after gains for big technology shares pushed most Wall Street benchmarks higher.

News of potentially effective vaccines for Covid-19 has been countered by concerns over the logistical challenges of ensuring access to billions of people and over rising caseloads that are leading governments to reinstate restrictions on business and other activities to battle the pandemic. Vaccine trades reversed to give way to ‘stay home’ trades” as shares of companies that do well when people stay home and work remotely rallied, Mizuho Bank said in a commentary.