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    Home»Equities»Shares, oil prices sink after Trump test positive for COVID-19
    Equities

    Shares, oil prices sink after Trump test positive for COVID-19

    Finance KhabarBy Finance KhabarOctober 2, 2020No Comments1 Min Read
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    Washington: US stock index futures and Asian shares sank on Friday after President Donald Trump said he and first lady Melania Trump had tested positive for COVID-19.

    The future contracts for both the S&P 500 and the Dow industrials lost 1.9 per cent.

    Trump took to Twitter to post the news of his test results just hours after the White House announced that senior aide Hope Hicks had come down with the virus after traveling with the president several times this week.

    “To say this potentially could be a big deal is an understatement,” Rabobank said in a commentary.

    “Anyway, everything now takes a backseat to the latest incredible twist in this US election campaign.”

    Trading in Asia was thin, with markets in Shanghai and Hong Kong closed. The Nikkei 225 index shed strong early gains, losing 0.8 per cent to 22,999.75 after the Tokyo Stock Exchange resumed trading following an all-day outage due to a technical failure.

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