Stocks Collapse As Trump Tests Positive For COVID-19

Stock markets plunged in the Asia session as US President Donald Trump said he and his wife tested positive for COVID-19.

Stock markets plunged in the Asia session as US President Donald Trump said he and his wife tested positive for COVID-19. The Dow Jones 30 stock market index futures contract collapsed more than 500 points, leading global stock markets lower.

Stocks collapse as Trump tests positive for Covid-19

President Trump made the announcement via Twitter regarding himself and the First Lady Melania Trump. This was shortly after Hope Hicks, one of his closest aides, fell ill with the virus. Trump's White House physician released a memo this morning stating the president will continue to carry out his duties without disruption.

Global investors not only dumped stocks but also fled to safe-haven asset classes such as gold and the Japanese Yen which both surged higher in Asia markets and have continued in the European session. Markets are likely to be sensitive going into the weekend but also with the much anticipated US Non-Farm Payroll report at 1.30 pm BST.

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