Tuesday Outlook: Asian shares extend losses; dollar holds gain

Fresh lockdown worries, stimulus delay spook investors; oil rises

  
An employee of a foreign exchange trading company uses a smartphone in front of a monitor showing the Japanese yen's exchange rate against the U.S. dollar, in Tokyo December 3, 2013. Asian shares eased and the dollar firmed on Tuesday as unexpectedly strong U.S. factory activity bolstered expectations the Federal Reserve will soon trim its stimulus, while the yen tumbled on speculation of further central bank easing. The dollar hit a six-month high of 103.175 yen, extending a 0.5 percent gain overnight and less than 1 yen away from a 4-1/2 year high reached in May.

An employee of a foreign exchange trading company uses a smartphone in front of a monitor showing the Japanese yen's exchange rate against the U.S. dollar, in Tokyo December 3, 2013. Asian shares eased and the dollar firmed on Tuesday as unexpectedly strong U.S. factory activity bolstered expectations the Federal Reserve will soon trim its stimulus, while the yen tumbled on speculation of further central bank easing. The dollar hit a six-month high of 103.175 yen, extending a 0.5 percent gain overnight and less than 1 yen away from a 4-1/2 year high reached in May.

REUTERS/Issei Kato

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Stocks down on fresh lockdown worries, banking sell-off; dollar rises
Banking sector sell-off continues on dirty money reports

Surging dollar holds near six-week high as virus fears return
Dollar makes broad gains overnight as stocks sell off

Gold edges higher as dollar halts surge on COVID-19 worries
Spot gold rose 0.3% to $1,918.20 per ounce by 1252 GMT

Oil rises as U.S. storm eases, but demand worries linger
Brent crude futures rose 13 cents, or 0.3%, to $41.57 a barrel


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