The coronavirus second-wave continue to haunt the Asia-pacific regions, with the Australian state of Victoria recording 148 new infections on Tuesday while eight daily deaths added.
Meanwhile, the new infections in South Korea are reported at 280 this Tuesday.
President Moon expressed his concerns over the virus surge and lockdown measures.
Key comments
“Prolonged level 2 lockdown measures will add a burden to the economy.”
“Worried that consumption, demand will shrink again.”
Separately, China reported 14 new COVID-19 cases for Aug. 24, all of which were imported infections involving travellers from overseas, the National Health Commission (NHC) reported on Tuesday.
Market reaction
Amid the risk-on market profile, traders have ignored the virus stats, as the optimism over the US-China trade deal and vaccine hopes underpin.
S&P 500 futures flirt with record highs near 3,450 while AUD/USD adds 0.20% to trade near-daily highs of 0.7182.
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