Asia Shares Skid After Wall Street Rout as Virus Cases Rise

Asian shares were moderately lower Friday after an overnight rout on Wall Street as investors were spooked by reports of rising coronavirus cases in the U.S. Fear that a so-called “second wave,” is already coming has punctured bubbling optimism that a quick economic recovery was already underway. That pushed the Dow Jones Industrial Average down almost 7% on Thursday. However, Wall Street futures pointed to a steady open on Friday, with the contracts for the S&P 500 and Dow industrials up about 0.7%. Japan’s benchmark Nikkei 225 plunged on the open but ended down only 0.8%, at 22,305.48. South Korea’s Kospi lost 2% to 2,132.30. Australia’s S&P/ASX 200...