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Asian shares mostly fall on uncertainty over US election

Added 10-26-20 03:03:01am EST - “Asian shares were mostly lower in muted trading Monday amid widespread uncertainty over what the U.S. presidential election will portend for markets and economic policy.” - Washingtontimes.com

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Posted By TheNewsCommenter: From Washingtontimes.com: “Asian shares mostly fall on uncertainty over US election”. Below is an excerpt from the article.

TOKYO (AP) - Asian shares were mostly lower in muted trading Monday amid widespread uncertainty over what the U.S. presidential election will portend for markets and economic policy.

Investors remain worried over surging cases and deaths related to COVID-19, especially in parts of the U.S. and Europe, and the implications for trade, tourism and economic activity.

Japan’s benchmark Nikkei 225 inched down 0.1% to 23,495.21, while South Korea’s Kospi lost 0.5% to 2,348.54. Australia’s S&P;/ASX 200 fell nearly 0.2% to 6,155.60. The Shanghai Composite index declined 1.1% to 3,243.60. Markets in Hong Kong were closed for holidays.

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“Asia markets remain pacing the floor awaiting the U.S. presidential election passage, commencing with muted moves going into the start of the week,” said Jingyi Pan, market strategist with IG in Singapore.

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