SYDNEY - The stomach-turning ride in global financial markets showed no signs of easing in Asia on Tuesday after US stocks plunged the most since 1987, with President Donald Trump warning that the economic disruption from the coronavirus could last into summer.
Central bank stimulus around the world failed to mollify investors worried about the damage the coronavirus is inflicting on economies. Central bank stimulus around the world failed to mollify investors worried about the damage the coronavirus is inflicting on economies. The Federal Reserve and other central banks have dramatically stepped up efforts to stabilize capital markets and liquidity, yet the moves have so far failed to boost sentiment or improve the rapidly deteriorating economic outlook. An International Monetary Fund pledge to mobilize its US$1 trillion in lending capacity also had little impact in markets.
In the latest attempts to stem the spread of the virus, Trump said Americans should avoid gathering in groups of more than 10 people and stop eating out at restaurants and bars. The San Francisco Bay Area is requiring people to stay home except for essential needs. Canada shut its border to most foreigners as cases worldwide top 169,000 worldwide and deaths exceed 6,600.
Your headline is misleading. There may be regional curfews in a few cities in US but not all the cities!
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