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Global markets update: Asian stocks dip on virus concerns; US dollar steady

Bloomberg12/22/2020 11:57 AM GMT+08  • 3 min read
Global markets update: Asian stocks dip on virus concerns; US dollar steady
Global stocks have pulled back after touching a record high last week, with shares in Europe slumping Monday the most since Oct.
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Most Asian stocks dipped Tuesday after US equities joined a global decline as a new variant of the coronavirus in the UK and a wave of lockdowns and travel restrictions hurt sentiment.

Japan underperformed as shares slipped across most major Asia-Pacific markets. S&P 500 futures were little changed after the benchmark fell Monday, with Tesla Inc. the biggest drag in its first day of trading on the gauge. The dollar and the yield on 10-year Treasuries were steady. Crude oil held below US$48 ($64.02) a barrel.

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