Asia stocks mixed, US futures fall as coronavirus spread overshadows stimulus

TOKYO - US stock futures stepped back in choppy early Asian trade on Wednesday as concerns about the widening coronavirus epidemic weighed against hopes policy support would combat its economic fallout.

"While markets react to positive news on stimulus, that doesn't last long. I think there are a lot of banks and investors whose balance sheet was badly hit and they will have lots of positions to sell," said Shin-ichiro Kadota, senior currency and rates strategist at Barclays. Talk of big stimulus is raising some concerns about the long-term outlook of US fiscal health, putting pressure on long-term US government bonds.

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Market rout to extend in Asia after US stocks dive 12%SYDNEY (BLOOMBERG) - The stomach-turning ride in global financial markets showed no signs of easing in Asia on Tuesday (March 17) after US stocks plunged the most since 1987, with President Donald Trump warning that the economic disruption from the coronavirus could last into summer.. Read more at straitstimes.com. Your headline is misleading. There may be regional curfews in a few cities in US but not all the cities!
Source: The Straits Times - 🏆 8. / 63 Read more »