Asian stocks slide deeper as pandemic fears grow

  • 📰 staronline
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 75%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

SINGAPORE: Oil and Asian share markets extended losses on Thursday as the rapid global spread of the Covid-19 coronavirus kept investors on edge and seeking safety in gold and bonds.

Rising fears of a pandemic, which U.S. health authorities have warned is likely, had already wiped more than $3.6 trillion from global stock markets by Wednesday's close.

South Korea reported 334 new cases on Thursday, its largest daily rise since its first case was confirmed on Jan. 20. China reported 433 new infections. "The market was complacent until last week as central banks and governments were at the rescue," said Desh Peramunetilleke, head of microstrategy at Jefferies in Hong Kong.

U.S. stock futures fell as far as 1% as he spoke, while European stock futures fell 2% in Asian trade, suggesting a possible catch-up drop in stocks there. New Zealand's government said on Thursday it might need to pump money into its economy, where China accounts for about a quarter of exports, should the fallout cause a global recession."The economic risks from extended disruption are non-linear," Capital's chief Asia economist and its senior China economist, Mark Williams and Julian Evans-Pritchard, said in a note.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 4. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Brazil confirms Latin America's first Covid-19 case; stock market plummetsSAO PAULO: Sao Paulo’s stock exchange plummeted seven per cent on Wednesday over fears of the Covid-19 coronavirus after a local resident became the first such case recorded in Latin America.
La source: NST_Online - 🏆 17. / 53 Lire la suite »