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Asian shares seen lower on coronavirus, election uncertainty

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Asian markets looked set for another weaker open on Wednesday as worries about a surge in coronavirus cases and dwindling hopes for a U.S.

FILE PHOTO: People wearing protective face masks, following an outbreak of the coronavirus, are reflected on a screen showing Nikkei index, outside a brokerage in Tokyo, Japan February 28, 2020. REUTERS/Athit PerawongmethaAustralia's ASX 200 opened down about 0.43per cent, while Japan's Nikkei 225 futures were down 0.36per cent. The Nikkei 225 index closed down 0.04per cent on Tuesday. The futures contract was down 0.62per cent from that close​.

Investors appeared content to steer clear of risk with looming uncertainty, headlined by the Nov. 3 U.S. presidential election. Former Vice President Joe Biden has enjoyed a consistent leader over President Donald Trump, but the race is closer in battleground states that could determine the outcome.U.S. markets slipped as Trump acknowledged an economic relief package would likely come after the Nov. 3 election.

The Dow Jones Industrial Average fell 222.19 points, or 0.8per cent and the S&P 500 lost 10.29 points, or 0.30per cent. The Nasdaq Composite added 72.41 points, or 0.64per cent.

 

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