HONG KONG (AFP): Asian equities sank Friday (July 24), dragged by a worse-than-forecast US jobless claims report that fanned fears about the economic recovery, while the mood was also being darkened by China-US tensions, stalled stimulus talks in Washington and a surge in virus cases.
The losses come at the end of another tough week for markets, which have shown signs of stuttering after a months-long rally from their March trough, with Washington and Beijing butting heads again, this time over US claims of Chinese espionage.