Asia stocks slip as coronavirus cases surge

SYDNEY - Asian share markets got off to a shaky start on Monday as the relentless spread of the coronavirus finally made investors question their optimism on the global economy, benefiting safe harbour bonds and the US dollar.

Wall Street had faltered on Friday as some US States reconsidered their reopening plans. The global death toll from Covid-19 reached half a million people on Sunday, according to a Reuters tally. "Our strategists remain sanguine and recommend to buy on dips but also selectivity," they added."Traditional hedges like JPY vs USD, USD vs EM FX, Gold and quality stocks are still outperforming this month. We stay overweight US equities but move EM equities to neutral and stay neutral US credit."

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Investment opportunities and longer-term trends in AsiaAS SINGAPORE joins other economies in adapting to a new normal, we take stock of the investment opportunities, risks, and longer-term economic trends in the region. What lessons can we learn from economies that have gone before us, such as China and South Korea? And what's our view on markets and performance? Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »