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.