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.
"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." The number of new COVID-19 cases in the United States last week rose 13per cent to more than 393,000, approaching levels last seen during a summer peak, according to a Reuters analysis.
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