Asia's Stock Suffered Decline, Despite Wall Street's High Indices
Despite Wall Street's record-breaking day, Asia's stocks fell on August 26. Stock prices in Malaysia and Thailand were up, while those in Indonesia and Japan were down, remained uniform in Singapore. Shanghai-Composite-Index declined 0.5% at 3,521.76. An increasing number of economists have expressed concern over rising Covid-19 cases and are betting that Fed officials will remain in a "wait and see" mode when it comes to inflation.