A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Tuesday, Dec. 8, 2020. Asian stock markets followed Wall Street lower on Tuesday as surging coronavirus infections in the United States and some other countries tempered investor optimism about development of possible vaccines.
Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Tuesday, Dec. 8, 2020. Asian stock markets followed Wall Street lower on Tuesday as surging coronavirus infections in the United States and some other countries tempered investor optimism about development of possible vaccines.
A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Tuesday, Dec. 8, 2020. Asian stock markets followed Wall Street lower on Tuesday as surging coronavirus infections in the United States and some other countries tempered investor optimism about development of possible vaccines.
BEIJING (AP) — Global stocks and U.S. futures declined Tuesday as surging coronavirus infections in the United States and some other countries tempered investor optimism over development of possible vaccines.
Markets in London, Shanghai, Tokyo and Hong Kong declined. Frankfurt and Paris were little changed.
Investor worries have risen as some U.S. states and European countries reimpose anti-virus curbs on travel and business, threatening to drag down shaky economic activity in what is expected to be a bleak winter.
“‘Too much, too soon’ was arguably the memo sent to market bulls,” Mizuho Bank said in a report. The surge in new U.S. cases “begs the question of whether vaccine euphoria was getting ahead of outbreak realities.”
In early trading, the FTSE 100 in London shed 0.3% to 6,535.45 while the DAX in Frankfurt was unchanged at 13,271.45. The CAC 40 in Paris shed less than 0.1% to 5,569.41.
On Wall Street, futures for the benchmark S&P 500 index and Dow Jones Industrial Average were down 0.3%.
On Monday, the S&P lost 0.2% as health care, financial and energy stocks declined. The Dow slid 0.5% while the Nasdaq composite gained 0.4%.
In Asia, the Shanghai Composite Index lost 0.2% to 3,410.18 and the Nikkei 225 in Tokyo shed 0.3% to 26,467.08. The Hang Seng in Hong Kong sank 0.8% to 26,304.56.