⁍ In early Asian trade, Australian stocks .AXJO fell at the open.
⁍ Wall Street’s three major averages closed lower on Wednesday after a choppy trading session.
⁍ U.S. lawmakers had not reached an agreement on the stimulus package by late Wednesday.
– It’s been a rough couple of weeks on Wall Street, and things aren’t likely to get any better for investors in Asia on Thursday. The main reason, per Reuters, is that lawmakers are still trying to hammer out a deal to fund the government through the end of the year—and that deal may not be finished until after the November election. “We’re looking at a fairly rough day for regional investors, we had a volatile session in the US,” says Michael McCarthy of CMC Markets in Sydney. “Futures markets are reflecting a worse day here. We’ll see losses across the region.” (Here’s what’s happening on Capitol Hill.)
Source: https://www.reuters.com/article/global-markets/asian-investors-prepare-for-choppy-trade-as-us-stimulus-talks-drag-on-idUSKBN277043