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Good morning. Weak bank earnings and a dimming outlook for stimulus spending sent shares tumbling on Wednesday. That risk-off mood is hanging over the markets again today. Europe is falling even harder as COVID numbers spike again, and tough curfew measures come into place. On cue, the dollar, that classic safe haven, is up.
Let’s check in on the action.
- The major Asia indexes are in the red with Hong Kong’s Hang Seng off 1.2% in afternoon trading.
- IPO-bound Ant Group is the latest Chinese tech company in the sights of the Trump Administration. Reuters reports the U.S. State Department has submitted a proposal to add the payments company to a trade blacklist.
- In Korean boy band news, Big Hit