News Formal

Emerging stocks wobble as coronavirus risks grow, FX hit by strong dollar

  • 📰 ewnupdates
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 53%

United States News News

United States United States Latest News,United States United States Headlines

South Africa’s currency has also taken a hit from growing pessimism around the country’s economy, while local investors remained on edge ahead of a looming ratings decision by Moody’s.

JOHANNESBURG - Emerging markets stocks faltered on Thursday, on fears of a global spread of the coronavirus after a spike in new cases in South Korea, while currencies in the developing world reeled under pressure from safe-haven buying of the US dollar.

The risk-off mood supported the dollar, which surged nearly 2% since Tuesday against the Japanese yen to its highest in almost 10 months. MSCI’s index for currencies slipped 0.4% to its lowest level in over two months, while stocks fell 0.3%.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 30. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

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

Norwegian Cruise cancels Asia trips, warns hit to 2020 profit from coronavirus - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Norwegian Cruise Line Holdings on Thursday forecast an impact of 75 cents per share to full-year adjusted earnings, citing cancellations and modification of 40 voyages in Asia and refunds to customers due to the coronavirus outbreak in China.
Source: SABC News Online - 🏆 32. / 51 Read more »