News Formal

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

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

United States News News

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

ASIAN stocks are mostly in the red on Thursday after early enthusiasm over the European Central Bank's (ECB) announcement of stimulus measures faded and fear returned amid the struggle to contain the Covid-19 pandemic. Read more at The Business Times.

"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.

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:

 /  🏆 15. 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.

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.
Source: BusinessTimes - 🏆 15. / 51 Read more »

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.
Source: The Straits Times - 🏆 8. / 63 Read more »