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International Business Times
International Business Times
Business
AFP News

Asian Markets Drop As Biden Drops Out Of White House Race

Joe Biden gave his backing to Vice President Kamala Harris after announcing his decision to drop out of November's race for the White House (Credit: AFP)

Asian markets fell Monday as Joe Biden's decision to drop out of the US presidential race fuelled fresh uncertainty, while traders appeared to be unmoved by China's decision to cut interest rates in a bid to boost the country's stuttering economy.

After last weekend's assassination attempt on Donald Trump -- and the following Republican convention -- boosted bets he would win November's election, investors were trying to work out the ramifications of the news out of the White House.

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