Premarket: World stocks, commodities firmer as virus fear abates

This translation has been automatically generated and has not been verified for accuracy.World markets bounced on Tuesday, with Chinese stocks reversing some of a previous coronavirus-related plunge amid official efforts to soothe nerves over the spreading outbreak, though sentiment remained fragile with oil near 13-month lows.

The Shanghai Composite closed up 1.3%, while the blue-chip CSI300 rebounded 2.6% after a near 8% slide on Monday. Hong Kong’s Hang Seng advanced 1.2%. In an effort to stop the plunge, China’s state-backed Securities Times published an op-ed on Tuesday to call on investors not to panic. “We would assume that in addition to bridging any funding stresses, fiscal policies will need to be ramped up to support growth once the contagion gets under control.”U.S. markets were expected to follow suit, with major stock futures trading up around 1% even after disappointing earnings results from Google parent Alphabet.

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