Asian markets lifted by hopes on virus but oil in retreat | Malay Mail

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HONG KONG, April 6 — Asian markets rose Monday as some of the world’s worst-hit countries reported falling death rates, providing some much-needed hope in the battle against the coronavirus, though oil prices were rocked after a meeting of top producers was delayed. While the disease continues...

A man wearing a facemask amid concerns over the spread of the Covid-19 novel coronavirus, walks past a stock market display board showing movements of the Hong Kong’s Hang Seng Index at a shopping mall in Bangkok March 15, 2020. — AFP pic

Meanwhile, South Korea saw its fewest new cases in six weeks, while Donald Trump said the US was showing signs of stabilising, despite the number of cases there passing 335,000 — the highest in the world. “If that does occur, it’s likely that we’re able to control the downturn from a depressionary scenario into a recessionary scenario”.

The country’s Surgeon General Jerome Adams warned on Fox News: “This is going to be our Pearl Harbor moment, our 9/11 moment.”

 

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