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Bear market fears spread to Asia as pandemic declared; STI down 1.5%

  • 📰 The Straits Times
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TOKYO (REUTERS) - Global shares were set for a rocky ride on Thursday (March 12) as investors tally the economic damage of coronavirus, a day after the US Dow Jones industrials entered bear market territory and world health officials declared the coronavirus a pandemic.. Read more at straitstimes.com.

TOKYO - Global shares were set for a rocky ride on Thursday as investors tally the economic damage of coronavirus, a day after the US Dow Jones stock index entered bear market territory and world health officials declared the coronavirus a pandemic.

Japan's Nikkei index plunged 2 per cent shortly after trading began while Australia's S&P/ASX sank 2.7 per cent. South Korea's Kospi index was down 1.5 per cent. On Wednesday, the S&P 500 lost 4.89 per cent while the Dow Jones Industrial Average fell 5.86 per cent to extend its fall from a record peak hit a month ago to more than 20 per cent., entering what is known as a"bear market".

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