Asia markets hit as US jobless claims jump, stimulus talks stall

Hong Kong (AFP) July 24, 2020

Asian equities sank Friday, dragged by a worse-than-forecast US jobless claims report that fanned fears about the economic recovery, while the mood was also being darkened by China-US tensions, stalled stimulus talks in Washington and a surge in virus cases. The losses come at the end of another tough week for markets, which have shown signs of stuttering after a months-long rally from their