RTTNews | Aug 20, 2020 04:45PM EDT

04:45 Thursday, August 20, 2020

|BEGINSUB|Asian Shares Dip On Economic Recovery Concerns|ENDSUB|Asian stocks fell broadly on Thursday, with concerns over rising coronavirus infections and a cautious outlook from the U.S. Federal Reserve weighing on sentiment.Chinese shares fell as the U.S. suspended its extradition treaty with Hong Kong in a series of measures that escalate tensions between Washington and Beijing.

|BEGINSUB|European Stock Markets Turn Lower Again On Thursday|ENDSUB|The major European stock markets headed south again on Thursday, finishing now in the red in two of the last three trading days after the most recent FOMC policy meeting minutes showed Fed officials were not positive about additional monetary easing.

|BEGINSUB|Strength Among Tech Stocks Leads To Higher Close On Wall Street|ENDSUB|Stocks moved mostly higher over the course of the trading day on Thursday after recovering from an initial move to the downside. With the upward move on the day, the tech-heavy Nasdaq reached a new record closing high.

|BEGINSUB|American Indians, Alaska Natives Who Tested Covid-19 Positive Tend To Be Younger |ENDSUB|A study by the Centers for Disease Control and Prevention or CDC found that American Indians and Alaska Natives are among the racial and ethnic minority groups at highest risk from COVID-19 in the U.S.. They are also likely to be infected by the coronavirus at a younger age compared to white non-Hispanic individuals.

|BEGINSUB|Stock Alert: Cinemark Holdings Up 8% After Pricing Convertible Note Offering |ENDSUB|Shares of Cinemark Holdings Inc. are rising more than 8 percent or $0.90 in Thursdays morning trade at $12.05.

Wednesday, Cinemark said it priced $400 million aggregate principal amount of its 4.50% convertible senior notes due 2025 in a private offering to persons believed to be qualified institutional buyers. The movie theatre company has also granted the initial purchasers of the notes a 13-day option to purchase up to an additional $60 million of the notes. The offering is expected to close on August 21.

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