Business
Why Trump catching COVID-19 could actually be a good thing for ASX shares – Motley Fool Australia
News that the US President caught COVID-19 roiled global markets, but the shakeup is likely to be good thing for ASX stock investors.
News that the US President caught COVID-19 roiled global markets, but the shakeup is likely to be good thing for ASX stock investors.
That might sound somewhat contradictory when Donald Trump’s infection sent the S&P/ASX 200 Index (Index:^AXJO) tumbling 1.4% on Friday. The S&P 500 Index subsequently lost 1% of its value too.
The sell-off is understandable. Markets hate uncertainty and with Trump being taken to hospital, questions about how the world’s most powerful economy will operate…
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