Asian markets hunker down ahead of US presidential debate

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Asian markets look set to rise on Tuesday, building on newfound momentum after bargain hunters helped a recovery in U.S. markets after last week's ...

REUTERS: Asian markets hunkered down on Tuesday ahead of the first U.S. presidential debate later in the global day, with investors also remaining cautious over the global economy's prospects as coronavirus deaths surpassed the 1-million mark worldwide.

Asian markets have been buoyed by positive signs around China's economic recovery, although the coronavirus pandemic continues to wreak economic havoc globally and raise concern about high valuations. U.S. House of Representatives Speaker Nancy Pelosi was set to hold further talks with Treasury Secretary Steven Mnuchin on Tuesday morning in Washington.

But there was also cause for caution, as Europe is experiencing a rise in new COVID-19 infections and some U.S. states continue to grapple with high case numbers.

 

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