Asian stocks wobble after Mnuchin pulls plug on Fed stimulus


SYDNEY: World financial markets stalled on Friday as news U.S. Treasury was ending emergency loans programmes dealt a blow to economic recovery hopes just as California announced curfews to try and fight surging coronavirus infections.

S&P500 futures slipped 0.5% while Dow futures fell 0.6%, cancelling out a firmer lead from a strong Wall Street session overnight.

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US Treasury , emergency loans , Mnuchin , CARES Act

   

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