Asian stocks ease amid tensions between the United States and China over Investing.com’s COVID-19 comments

By Gina Lee

Investing.com – Asian Shares suffered losses Monday morning as tensions between the United States and China mounted, raising investors’ fears of Another obstacle to the global economic recovery from the COVID-19 pandemic.

U.S. Secretary of State Michael Pompeo said overnight that there was “Huge evidence” showing that the COVID-19 outbreak started in a laboratory in Wuhan, but did not processed in what was the evidence.

Pompeo’s comment came after EE. USA President Donald Trump demanded answers from China on the origin of the viruseven hinting in the face of possible retaliation last Thursdayand. Trump added overnight that he believed that a Chinese “mistake” was the cause of the COVID-19 outbreak, although he did not present any evidence for the claim.

the United States-China tthe hints weakened investor spirits even as some countries relaxed your locks, raising hopes for a start in the world economy Recovery.

Beijing has denied the allegations.

Hong Kong dived 3)77% by 10:47 PM ET (3:47 AM GMT) how the United States -China tensions erupted.

Down the It was the only bright spot. That rose 0.51% as the Reserve Bank of Australia is expected maintain your three-year performance target at 0.25% and the cash rate at the same level in their meeting in Tuesday.

South Korea it’s down by 1.91%. China and the remained stable at 2,860.80 and 10,721.78 rspecifically

Markets in China and Japan are closed for Holidays.

Meanwhile, investorThe mood of s moistened even more fears of a second wave of COVID-19 cases even when some countries loosen the blockade measures implemented to stop the spread of COVID-19.

“Even though containment measures slowing growth will be phased out in May, the global recession appears to deepen in the second quarter. If the prospects of hard-to-reverse job losses overwhelm, coupled with Trump’s threats against China, the type of fear dynamic “Mayday” may rule the day. “ Bank Mizuho economists said in a note.