Thu. Oct 22nd, 2020

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Asia shares weaker

1 min read
china stock

Asian shares were broadly weaker Tuesday as possible delays in expanded U.S. stimulus and concerns about fresh pandemic lockdowns in Europe dented the recent positive sentiment towards global equity markets.

Hong Kong shares of HSBC 0005.HK and Standard Chartered 2888.HK weakened a further 2%, as global banking stocks remained under intense pressure on reports about financial institutions allegedly moving illicit funds.

British lenders HSBC and StanChart were among global lenders named as having transferred more than $2 trillion in suspect funds over nearly two decades.

MSCI’s broadest index of Asia-Pacific shares outside Japan. MIAPJ0000PUS was down 0.68%.

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