Asian markets lower despite Wall Street rally | Malay Mail

Asian equities were lower in Wednesday trade, bucking an overnight rally on Wall Street. — file pic

Major indices on Wall Street gained more than two percent overnight on signs that new virus cases had fallen in some of the country’s biggest hotspots, including New York. “But flattening infection curves and the thoughts of more stimulus lifted all boats. And regardless of whether I think we are in la-la land, it is what it is.”

Tokyo slid 0.5 percent after a sharp rise in the last session, with a stronger yen weighing on investor sentiment. Both major international benchmarks saw a brief rally at the start of the week, but have since fallen below the prices seen before the production cut was thrashed out.

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