fundamental News - SP500

Asian shares were mostly lower Thursday as caution set in after a retreat on Wall Street driven by a decline in technology shares.

Market players are feeling less optimistic about action from the U.S. Federal Reserve and Congress to help the U.S. economy amid the distractions of the presidential election and the battle over the Supreme Court seat left vacant by the death of Justice Ruth Bader Ginsburg.

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Risks of a broader selloff of technology shares after a long due correction, Hayaki Narita at Mizuho Bank in Singapore said in a report.

“Add to that, the growing severity of ‘second wave’ risks in Europe, with the U.K. and France seeing a worrying escalation in new cases,” in addition to flare-ups in the U.S., Canada and elsewhere, he said.

Source : investing