Trump’s diagnosis fuels uncertainty for US market


Many investors are concerned, however, that a serious decline in Trump’s health less than a month before Americans go to the polls on Nov 3 could roil a US stock market that recently notched its worst monthly performance since its selloff in March while causing turbulence in other assets.

Washington: Investors are gauging how a potential deterioration in US President Donald Trump’s health could impact asset prices in coming weeks, as the US leader remains hospitalized after being diagnosed with Covid-19.

So far, markets have been comparatively sanguine: hopes of a breakthrough in talks among US lawmakers on another stimulus package took the edge off a stock market selloff on Friday, with the S&P 500 losing less than 1% and so-called safe-haven assets seeing limited demand.

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