Investors are also awaiting the outcome of a policy meeting in China
An electronic board displays share prices on the Tokyo Stock Exchange. Picture: EPA/KIMIMASA MAYAMA
MSCI’s broadest index of Asia-Pacific shares outside Japan was up just 0.04%, having rallied about 3% so far this week. S&P 500 e-mini stock futures fell 0.66%. Broad risk appetite has been checked somewhat by escalating tensions between the US and China due to President Donald Trump’s criticism of Beijing’s handling of the coronavirus outbreak.
Global equities were buoyed this week as governments around the world gradually loosened their coronavirus lockdown restrictions, but many investors remain wary of the outlook as a raft of recent data suggested a full-blown recovery is likely some way off. On Wall Street, the S&P 500 gained 1.67% on Wednesday, but the positive mood did not last long in Asia.
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