Saturday, 27 June 2020

US stocks plunge amid setback in economic reopening

Markets were mixed on Friday.

Early in the day, the Nikkei 225 rose 1.1 percent.

However, later, the STOXX Europe 600 fell 0.4 percent and the S&P 500 plunged 2.4 percent.

US stocks fell after the country reported a single-day record rise of 37,000 in infections on Thursday. Governors in Texas and Florida re-imposed restrictions on bars on Friday, marking a setback to hopes of reopening the economy.

Outside the US, localised restrictions have also been re-imposed in parts of the Portuguese capital Lisbon, western Germany, Beijing and Victoria state in Australia.

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