Asian stock markets on Tuesday worried UK and US investors about the rise in the coronavirus from

The biggest fall in the region was recorded in Australia, where shares fell below three months.

Investors have also jumped on the bandwagon, hoping for more financial support for the US economy.

Stock markets fell across South Korea, Hong Kong and China, and Japan was closed for a public holiday.

On Monday, the UK and US stock markets suffered heavy losses on fears that a new rise in coronavirus cases would hurt economic prospects.

The UK wiped out more than 50bn UK shares and caused similar declines in European and US stock markets.

Negative sentiment spread to Asia, which had previously been the focus of optimism over China’s continued economic recovery.

Since mid-June, Australian stocks have pulled to their lowest levels under pressure from its mineral and fuel stocks.

Large mining companies BHP Group and Rio Tinto both declined about 2%.

Multiple tensions

“The biggest problem for the local market is how the fight for super dominance in the tech sector goes between the United States and China, as seen through the lens of the Bytens / Oracle-Walmart deal,” said Stephen Innes, a Sydney market strategist. Based financial institution XC Corp.

He added, “With the first debate on the 29th U.S. election, the risk of an election will also come to the fore, which is further complicating matters.”

Banks in Europe were affected by the extra concerns when money laundering allegations surfaced in leaked files.

HSBC, the epicenter of the scandal, saw its share price fall 5.3% in London, but the revelations dragged on across the sector and other major banks fell similarly.

Shares of HSBC hit a 25-year low and are set to fall another 3% in Hong Kong on Tuesday.

Shares of UK-based bank Standard Chartered, which were also named in the leaked documents, fell 2% in the Hong Kong market after falling below 18 years.