Stocks firmer as China's markets recoup some virus losses

Despite the relative market calm on Tuesday, the outbreak continued to generate concerning headlines with Hong Kong reporting its first coronavirus death, the second fatality outside mainland China with the total death toll now 427.

“This could prove to be temporary if we see worse news or little sign of reaching containment of the situation,” she added. That followed moves by China’s securities regulator on Monday to limit short selling and stop mutual fund managers selling shares unless they face investor redemptions, according to Reuters.

“Given the extent of the shutdowns in China as well as the rapid rise in the virus that is likely to continue through March or April, a significant hit to China and regional growth is very likely,” said JPMorgan economist Joseph Lupton.

Philippines Philippines Latest News, Philippines Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian markets improve a day after the coronavirus shocked Chinese stocksStocks in Asia are improving Tuesday, one day after Chinese markets experienced their worst session in years.
Source: CNN - 🏆 4. / 95 Read more »

Asia stocks set for mixed trade as Wall Street rebounds amid virus fearsStocks in Asia were set to trade mixed on Tuesday as investors weigh the potential economic impact of the ongoing coronavirus outbreak that has killed more than 400 in China so far.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks rise on Wall Street, but virus worries remainStocks rose in much of the world Monday, but markets are still far from giving the all-clear on the coronavirus.
Source: latimes - 🏆 11. / 82 Read more »

These stocks could benefit from unseasonably warm temperatures, says JefferiesNew for subscribers: These stocks could benefit from unseasonably warm temperatures, says Jefferies Check out CNBCPro and get your first 30 days free.
Source: CNBC - 🏆 12. / 72 Read more »