Asian business sentiment plunges to record low on virus effect: Thomson Reuters/INSEAD survey

FILE PHOTO: Employees work on a production line inside a Dongfeng Honda factory after lockdown measures in Wuhan, the capital of Hubei province and China's epicentre of the novel coronavirus disease outbreak, were further eased, April 8, 2020. REUTERS/Aly Song/File Photo

A reading above 50 indicates a positive outlook. The last time the index showed a reading below that was in its debut quarter, when it hit 45. “We ran this survey right at the edge when things were getting really bad,” Antonio Fatas, Singapore-based economics professor at global business school INSEAD, said of the survey conducted between May 29 and June 12.

exactly........

all of Asia is tired of buying xi jiping's bullshit

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Stocks, oil fall as second wave fears cloud recovery prospectsAsian shares and Wall Street futures fell on Monday as growing fears of a second wave of coronavirus infections revived economic worries, while underwhelming data from China also weighed on investor sentiment. We’re not even done with the first wave. It is desirable that the entire Asian country set aside about 20% of GDP as corona virus funding, and at the same time make financial investments.
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