A currency trader wearing a face mask walks by screens showing the Korea Composite Stock Price Index (KOSPI) and the foreign exchange rate between US dollar and South Korean won at the foreign exchange dealing room in Seoul on Tuesday (May 12). Shares are lower in Asia as news of fresh outbreaks of virus cases and more infections among White House staff overshadowed hopes over reopening economies. - AP
HONG KONG: Fears of a second wave of coronavirus infections in some parts of the world weighed on equities Tuesday (May 12), bringing a dose of hard reality to markets after weeks of rallies fuelled by the easing of lockdown measures and hopes for economic recovery.
As some of the worst-hit countries including Spain, Italy and France take heart from slowing death and infection rates, they are gradually allowing businesses to open up and try to get back to some semblance of normality.
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