Rally in stocks runs out of steam as coronavirus toll climbs - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

The death toll in mainland China rose to 636, more than doubling in just under a week, with the number of infections at 31,161.

Japan’s Nikkei and Korea’s Kospi headed lower in morning trade, but are on track for their best week of the year after earlier rises. Beijing has pumped billions of dollars into the money market to stabilise market confidence and support its faltering economy.But with the death toll rising, cities shut off, flights cancelled and factories closed, global supply chains are in disarray and fears of a pandemic remain.“The rate of infection is not slowing,” said Michael McCarthy, chief markets strategist at brokerage CMC Markets in Sydney.

In morning trade a slide in the safe-haven yen paused,leaving the currency sitting by a two-week low at 109.98 per dollar and poised for its worst weekly loss since last October.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Global stocks rally on upbeat US news and coronavirus optimismJobs data brightens the mood on Wall Street, while rumours of a China vaccine lifts Asian markets
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »

Myths about the coronavirus - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.As scientists continue to come up with a vaccine for the coronavirus, the virus has claimed over 500 lives in China.
Herkunft: SABC News Online - 🏆 32. / 51 Weiterlesen »

Two killed in Roodepoort accident - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Two people have been killed in an accident in Roodepoort, Gauteng.
Herkunft: SABC News Online - 🏆 32. / 51 Weiterlesen »

Mining legislation ostracises communities: Expert - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Mining Affected Communities United in Action Representative Christopher Rutledge has criticised current mining legislation for excluding mining communities MiningIndaba sabcnews via SABCNewsOnline
Herkunft: SABC News Online - 🏆 32. / 51 Weiterlesen »