Asian markets under pressure Tuesday as Wall St falters

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NEW YORK: Asian stocks came under pressure on Tuesday as a deadline for U.S. lawmakers to pass an economic stimulus bill approached and record daily coronavirus infections in Europe ignited concerns about more severe lockdowns

In early Asia trade, Australian stocks dipped at the open while MSCI's gauge of stocks across the globe shed 0.06%.

"Do you really want to hold those exposures into what could be a volatility event?" Weston said."We're getting into the Wild West territory where it becomes more whippy."Investors await earnings later in the week for companies including Netflix Inc and Tesla Inc. The number of new COVID-19 cases in the United States last week rose 13% to more than 393,000, approaching levels last seen during a summer peak, according to a Reuters analysis.

 

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