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Asian stocks follow Wall Street downward in Thursday trading

Added 10-22-20 04:04:03am EST - “Investors continue to watch for signs whether politicians can agree on economic stimulus prior to Nov. 3 election” - Foxbusiness.com

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Posted By TheNewsCommenter: From Foxbusiness.com: “Asian stocks follow Wall Street downward in Thursday trading”. Below is an excerpt from the article.

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BEIJING — Asian stocks followed Wall Street lower on Thursday as investors watched Washington for signs of whether political leaders can agree on an economic aid plan in the two weeks before the Nov. 3 presidential election.

On Wall Street, the benchmark S&P 500 index lost 0.2% on Wednesday as U.S. political leaders wrangled over economic aid following the expiration of extra unemployment benefits that propped up consumer spending. Democrats are pressing Republicans to expand a proposed package.

House Speaker Nancy Pelosi said she made progress in talks with the White House. But a potential agreement might face opposition in the Senate, where Majority Leader Mitch McConnell told fellow Republicans he warned the White House not to seal a relief deal before the election.

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