Stocks falter as anxiety grows over second coronavirus wave

Asian shares tumbled on Tuesday on growing worries about a second wave of coronavirus infections after the Chinese city where the pandemic originated reported its first new cases since its lockdown was lifted.

"Any recovery in equity markets is likely to be fragile for now, as markets will watch for cracks in the financial system and elsewhere in the economy as virus infections climb." Germany's Robert Koch Institute reported that the"reproduction rate" - the number of people each person infected with the coronavirus goes on to infect - had risen to 1.1. Any rate above 1 means the virus is spreading exponentially.

Fund managers expect equity markets to stay the course through June and avoid retesting March lows given the massive monetary stimulus provided by the U.S. Federal Reserve and other major central banks.

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.

US stocks end mixed as more states restart economic activityNEW YORK: Wall Street stocks finished mixed on Monday (May 11) as markets weigh hopes about reopening the economy against worries over coronavirus ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Hong Kong: Stocks start week with gains[HONG KONG] Hong Kong stocks closed on a high Monday, extending last week's advance as countries begin to reopen their economies from lockdown, while death rates are also showing signs of slowing. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Stocks to watch: IHH, Venture, SIAEC, FHT, Tuan Sing, Boustead Projects, HC SurgicalTHE following companies saw new developments that may affect trading of their securities on Monday: Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »