The Asian markets are declining at the start of the new trading week. Worsening signs of Covid-19 and lack of progress on Brexit trade talks have weakened risk appetite.
The benchmark indices in Japan and Australia fall in early trading. This is despite the fact that the leaders of the US Congress reached an agreement on spending around 900 billion US dollars to support the US economy.
The pound remains under pressure as the government warned that the new strain of coronavirus was out of control while “significant differences” persisted in trade talks.
The Singapore-traded SGX Nifty, a leading indicator of the performance of the Nifty 50 index in India, fell 0.4% to 13,728 as of 6:55 am
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