Global shares down for fifth straight day 

  • 8/20/2021
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Global shares fell for the fifth straight day and the dollar remained firm in a flight to safety on Friday rising coronavirus cases compounded concerns over Chinese growth and the outlook for U.S. stimulus Global shares fell for the fifth straight day and the dollar remained firm in a flight to safety on Friday as rising coronavirus cases compounded concerns over Chinese growth and the outlook for U.S. stimulus, Reuters reported. U.S. stock futures, pointed to Wall Street opening down 0.2 percent-0.4 percent while Asian shares limped into the weekend with their lowest close since November, with MSCI"s broadest index of Asia-Pacific shares outside Japan down 1.1 percent and 4.9 percent lower on the week, its weakest since February. China"s tech stocks slumped to new lows on Friday and Hong Kong"s benchmark index hit an almost 10-month trough, as an unrelenting series of Chinese regulatory crackdowns crushed investors" confidence.

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