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After Trump’s positive corona test: share prices and oil prices fall

D.he positive corona test by American President Donald Trump has sent share prices in Asia downhill. In Tokyo, the Nikkei sagged and was quoted 0.9 percent weaker at 22,967 points, after having achieved a plus of 0.8 percent in the course of trading. American futures were around two percent in the red, and a weaker start to trading is expected in Europe.

Trump had stated that he and his wife Melania were infected with the corona virus. The United States is in the final sprint of the presidential campaign. The election will take place at the beginning of November. Trump’s challenger is Democrat Joe Biden.

The positive corona test has the potential to affect Trump’s election campaign, said Sean Callow, currency strategist at Westpac. “He’s got a lot going and that’s an interruption. In addition, the positive test is damaging to him because it speaks against the whole assessment that you don’t really have to worry – it brings the corona crisis back to the center. “

The dollar gained after the test result and was quoted 0.3 percent stronger in relation to a currency basket, while the euro fell by 0.5 percent to 1.1694 dollars. The American currency is considered a safe haven in times of uncertainty. The oil price came under pressure on the commodities market. A barrel (159 liters) of light American oil cost $ 37.62, 2.8 percent less, while Brent North Sea oil fell 2.6 percent to $ 39.87.

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