Asian shares, U.S. stock futures sag on coronavirus, U.S. election worries

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TOKYO: Global shares slipped on Wednesday as coronavirus infections grew at an alarming pace in the United States and Europe, while uncertainty over n...

Global shares slipped on Wednesday as coronavirus infections grew at an alarming pace in the United States and Europe, while uncertainty over next week's U.S. elections added to a"risk off" tone.Futures for U.S. S&P500, Dow Jones and Nasdaq all fell 0.5%-0.6% in Asian trade on Wednesday, rattled by a media report that French government may bring in a national lockdown from midnight on Thursday.

Microsoft kicked off a slate of reporting from tech heavyweights by beating Wall Street estimates for quarterly revenue, buoyed by its flagship cloud computing business amid increased work-from-home arrangements. But its shares slipped 1.7% after the bell. Still the presidential race is closer in battleground states that could determine the outcome, leaving investors on edge.

Wall Street's volatility index, a measure of market expectations in share price swings, rose to 33.35, its highest in almost two months.

 

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