Asian stocks were set for choppy trade on Wednesday after Wall Street dipped amid growing uncertainty about an additional round of U.S. fiscal stimulus.
FILE PHOTO: A man wearing a face mask is seen inside the Shanghai Stock Exchange building, as the country is hit by a novel coronavirus outbreak, at the Pudong financial district in Shanghai, China February 28, 2020. REUTERS/Aly Song
Elsewhere in Asia, Australia’s S&P/ASX 200 rose 0.2% and Japan’s Nikkei 225 was up 0.3%. Hong Kong’s Hang Seng index futures lost 0.21%. The day’s declines came as political gridlock between the Republican White House and congressional Democrats over coronavirus relief continued for a fourth day, with each party blaming the other for intransigence.
“If the lockdowns are removed after three days, the damage to New Zealand’s economy should be small,” Joseph Capurso of Commonwealth Bank of Australia wrote in a note Wednesday.
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