Asian markets swing as second wave fears offset recovery hopes


HONG KONG (AFP): Asian investors moved cautiously Wednesday (June 17) as they weighed fresh signs the world economy is in recovery against fears of a second virus wave, geopolitical tensions and profit-taking.

Federal Reserve and Bank of Japan pledges of more support troubled businesses, and reports of a new trillion-dollar US stimulus sent regional markets soaring Tuesday as they helped traders look past a worrying increase in infections from Tokyo to Beijing to Texas.

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Asian , equities , market , June 17 , opening

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