Global stocks tumble as investors dump risk with COVID-19 cases rocketing and no US stimulus deal

Business Insider Australia | Oct 26, 2020 at 10:25 AM
  • Global stocks tumbled on Monday as investors dumped risk assets, while an ongoing surge of COVID-19 cases across Europe and the US dampened sentiment.
  • The US stimulus saga continues to drag on, as House Speaker Nancy Pelosi and White House chief of staff Mark Meadows accused each other of “moving the goalposts” on stimulus negotiations as a lack of agreement on funding still dominates markets.
  • Record virus cases in the US, a lack of stimulus progress, and pre-election nerves sent Asian markets lower.