Asian stocks under pressure as pandemic concerns outweigh stimulus hopes
2020-12-08 09:08:33 source：Reuters
December 8, 2020
(Reuters) - Asian stocks came under pressure in early trade on Tuesday as investors struggled to balance hopes for more economic stimulus and vaccines with anxiety over the growing number of COVID-19 cases.
A mixed Asian open followed a similarly mixed Wall Street session with the tech-heavy Nasdaq Composite closing at a record high as investors flocked to mega-cap growth stocks while the two other major U.S. indices fell.
“You saw more than a slight moderation to the S&P 500, and the Dow, but you’re still looking at these markets at record highs,” said Tom Piotrowski, a market analyst with CommSec. “It’s a matter of looking out for what the next catalyst is for these markets.”
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