Asia: Stocks slide after ECB measures fail to lift battered sentiment, STI down 4.5%

"Singapore is highly susceptible to external shock in terms of broad macro environment and stock market performance. Therefore, we may need to see the US market stop bleeding before the local market can reach a bottom," Margaret Yang, market analyst at CMC Markets, said.

With travel restrictions imposed by Singapore on more countries than initially expected, the tourism and leisure sector could be hit more heavily. Given Singapore is a small and open economy, disruptions to global trade and investment have also resulted in fears of a recession. In North Asia, Hong Kong's Hang Seng Index fell 850.69 points or 3.8 per cent to 21,441.13, and mainland China's Shanghai Composite Index lost 41.96 points or 1.5 per cent to 2,686.80.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Tokyo: Stocks more than 2% up after ECB bond-buying scheme[TOKYO] Tokyo stocks opened more than two per cent higher on Thursday after the European Central Bank announced a surprise 750-billion-euro scheme to support the economy and the Japanese yen edged lower. Read more at The Business Times.
Источник: BusinessTimes - 🏆 15. / 51 Прочитайте больше »

Asia stocks mixed, US futures fall as coronavirus spread overshadows stimulusTOKYO (REUTERS) - US stock futures stepped back in choppy early Asian trade on Wednesday (March 18) as concerns about the widening coronavirus epidemic weighed against hopes policy support would combat its economic fallout.. Read more at straitstimes.com.
Источник: The Straits Times - 🏆 8. / 63 Прочитайте больше »