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HONG KONG, China (FP) — Asian markets spiraled downwards on Friday, tracking a collapse in New York and Europe as the coronavirus spread rapidly around the world with the WHO warning the deadly epidemic was now at a “decisive point”. Tokyo and Jakarta were hammered more than four percent, while Shanghai, Sydney, Seoul, and Bangkok tanked more than three percent each. The casualties have put equities around the world on course to record their worst […]
HONG KONG, China (AFP) — A sea of red washed across Asian markets on Wednesday, with the coronavirus spreading rapidly around the world and health chiefs warning that governments were not prepared for the outbreak. The heavy selling, after a day of relative calm caused by bargain-buying, followed another rout on Wall Street where all three main indexes lost around three percent after officials said COVID-19 would likely take hold in the United States. With […]
HONG KONG, China (AFP) — A spike in new virus cases outside China spooked Asian markets Friday after Wall Street pulled back from record highs as more companies warned earnings could be hurt by the epidemic. More than 2,200 people have died from the novel coronavirus, which has infected over 75,000 people, mostly in China, and spread panic around the world. While Beijing claims it’s epidemic control efforts are working, the rising death toll and […]
HONG KONG, China (AFP) — Asian markets tumbled Tuesday after Apple warned the new coronavirus had hit output and demand in China, fuelling fears over the wider impact of the epidemic on corporate earnings and economic growth. Investors looked past a positive lead from European bourses to focus on the spiraling fallout from the virus that has so far killed more than 1,800 people and infected nearly 72,500, mostly in mainland China. As well as […]
HONG KONG, China (AFP) — Asian markets rebounded on Tuesday spurred by fresh Wall Street records but investors remained jittery about the global economic impact of the coronavirus outbreak in China. Eyes are on China as the world’s second-largest economy sputters back up after a forced extension to the Lunar New Year holiday because of the outbreak, which has killed more than 1,000 people and disrupted major global supply chains. After a nervous start to […]
NEW YORK, United States (AFP) — Major US stock indices finished at fresh records Monday, shrugging off worries about the coronavirus that pressured other equity markets and drove oil prices lower. As the outbreak continued, Chinese President Xi Jinping donned a face mask while visiting medical workers and patients affected by the deadly coronavirus that has killed more than 900 people. Although parts of China remain shut down, roads in Beijing and the financial hub […]
HONG KONG, China (AFP) — Markets across the Asia-Pacific were in the red on Monday with investors worried about the impact of the China coronavirus outbreak on the global economy. The virus has killed more than 900 people, infected 40,000 across mainland China and spread to more than two dozen countries in what has been termed a global health emergency. It has also jolted major supply chains for everything from food and household supplies […]
HONG KONG, China (AFP) — Asian markets fell Friday after a week-long rally as investors take profits and assess developments in China’s deadly coronavirus crisis. Strong US data, Chinese financial support and a broadly healthy earnings season have provided a much-needed boost to equities after last week’s sell-off, while there is a sense that the economic impact of the outbreak globally could be limited. China’s decision Thursday to halve tariffs on $75 billion of US […]
HONG KONG, China (AFP) — Asian markets rallied again Thursday despite China’s virus claiming hundreds of lives and infecting tens of thousands, with investors welcoming another record close on Wall Street and strong US jobs data. Equities gained across the board on building optimism that the outbreak, which has spread to more than 20 countries, can be contained and the economic impact limited. After last week’s big losses, and a near eight-percent drop in Shanghai […]
HONG KONG, China (AFP) — Markets rose in Asia on Friday after the World Health Organization declared a global health emergency over the deadly new virus sweeping China. After saying last week they needed more information, the WHO invoked the rarely used designation that experts hope will lead to better international co-ordination to combat a disease that has already killed 200 people, and sickened thousands more. But the Geneva-based body stopped short of recommending trade […]
NEW YORK, United States (AFP) — European and US stock indices mostly advanced Wednesday, as positive earnings from Apple and some other companies, offset concerns over the spreading coronavirus that has led more airlines to suspend flights to China. Hong Kong’s main stocks index slumped 2.8 percent by the close as traders returning from the Lunar New Year break played catch-up with the global selloff triggered by the epidemic. But the Dow eked out a […]
HONG KONG, China (AFP) — Asian markets tumbled again Tuesday, extending a global sell-off as the toll from a rapidly spreading Chinese virus spiked to more than 100 dead and thousands infected, with investors fretting over the impact on an already fragile world economy. Traders have been running for the hills as the coronavirus is reported in more countries, with oil also tanking on expectations that demand in China, the world’s top consumer of the […]
