Stocks wobble as investors assess risks of second wave
Asian stocks were set for gains on Friday although trade was likely to be choppy after a mixed Wall Street session with investor focus swinging between concerns about a second pandemic wave and more upbeat hopes about an economic recovery.
TOKYO/WASHINGTON: Asian shares and U.S. stock futures teetered in choppy trade on Friday as lingering concerns about an fresh spike in coronavirus cases offset growing hopes for a quick economic recovery.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.1per cent. U.S. S&P 500 e-minis moved in and out of the red, and were last up 0.21per cent.
Shares in China rose 1.15per cent, led by gains in financials and the health care sector, but South Korean stocks fell 0.25per cent due to concern about diplomatic tension with North Korea.
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