Business & Investment

Asian stocks fall amid uncertainties about Reuters outflow of Georgia Senate

© Reuters.File photo: Pedestrians pass by electronic board outside Tokyo brokerage firm


Stanley White

Tokyo (Reuters)-As the Senate outflow in Georgia is uncertain, Asian stocks will fall on Tuesday, which could have a major impact on the economic policy of next US President Joe Biden.

MSCI’s widest non-Japanese Asia-Pacific stock index fell 0.12%, retreating from its all-time high hit in the previous session. Australian stocks fell 0.16%.

Japanese stocks fell 0.47% after media reports that the government would limit business hours in Tokyo and surrounding cities from Thursday.

US equity futures rose 0.09%.

Oil futures expanded the decline in Asian trade after major producers delayed the decision on whether to increase production.

In the United States, Senate domination is at stake due to a two-round system in Georgia on Tuesday.

Democratic victories in both races could move Senate control away from Republicans, but both contests are very tight and the results may not be immediately apparent. Year.

“2021 was a huge success with the crucial political and economic news for the market to digest,” said James Knightley, chief international economist at ING, in a research memo.

“If the Democratic Party wins both seats, this should lead to the most substantial 2021 fiscal stimulus package. Nevertheless, after a strong post-election backlash, short-term consolidation of risk markets It can be an excuse. “

Wall Street fell sharply on Monday due to uncertainty about the Georgia vote and concerns about rising coronavirus infections.

The S & P 500 was down 1.49%, down 1.27%, while the tech-heavy Nasdaq was down 1.48%.

Republican President Donald Trump’s call to pressure Georgia’s chief elections to “find” a vote to overturn the defeat of President Biden in the state has worried some investors ..

The widest gauge of MSCI’s global equities eased 0.09% in Asia on Tuesday, breaking the record set in the previous session.

Increased risk aversion helped support the dollar against most currencies, but movement was curtailed earlier in the year.

Futures fell 0.46% to $ 47.40 a barrel. Major oil producers will meet later on Tuesday to determine February output after the previous day’s negotiations broke down.

Gold was slightly lower. $ 1,939.26 per ounce, down 0.12%. [GOL/]

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Asian stocks fall amid uncertainties about Reuters outflow of Georgia Senate Asian stocks fall amid uncertainties about Reuters outflow of Georgia Senate

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