FILE PHOTO: A pedestrian wearing a face mask walks on an overpass with an electronic board showing stock information, following an outbreak of the coronavirus disease , at Lujiazui financial district in Shanghai, China March 17, 2020. REUTERS/Aly Song
The first-quarter decline was the biggest on record for the S&P 500 as consumers hunkered down at home, leading businesses to announce massive staff furloughs and to shut temporarily. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS gained 0.35% in early trade. Health officials were much more cautious. A World Health Organization official warned that even in the Asia-Pacific region, the epidemic was “far from over.”
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