HONG KONG: Asian markets sank Monday as news of a US stimulus agreement was overshadowed by surging virus cases and the imposition of a strict lockdown in England, while the pound was also hit by fears over stuttering Brexit talks.
Oil prices also sank as the new containment measures hammered expectations for travel over the Christmas period, with the discovery of a mutated and more infectious strain of the coronavirus in Britain also leading several governments to ban flights from the country.
After months of painful, combative talks, US lawmakers on Sunday finally announced they had reached a deal for a new economic rescue package worth nearly $900 billion.
The bill includes aid for…
