USA/CHINA – Asian shares recede on fear of new US-China tensions, virus surge (Al Jazeera)

Asian shares retreated from a record peak on Monday after news reports of the United States preparing to impose sanctions on some Chinese officials highlighted geopolitical tensions, while oil prices fell due to surging virus cases.

In a signal that markets elsewhere would start weaker, Eurostoxx 50 futures were 0.4 percent down, futures for Germany’s DAX eased 0.3 percent while those of London’s FTSE were flat. E-Mini futures for the US’s S&P 500 benchmark share index slipped 0.2 percent.