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Markets in knee-jerk risk-off mode after Trump tests Covid-19 positive

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Published Fri, Oct 2, 2020 · 09:50 PM
    Yen refuge

    Singapore

    INVESTORS dived under the yen and gold umbrella after the shock news of US President Donald Trump testing positive for Covid-19 weeks ahead of the presidential elections triggered a knee-jerk sell-off in Asian equity markets.

    At 1.34pm Singapore time on Friday, US stock futures sank more than 500 points or 2 per cent lower to 27,138; the yen made its sharpest gain in more than a month to reach a one-week high of 104.95 against the dollar.

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