SYDNEY – Asian share markets fought to regain their footing on Friday as investors clutched at hopes China could contain the coronavirus, even as headlines spoke of more cases and mounting deaths.
MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS managed to eke out a 0.2% gain, but was still down 4% on the week so far. Its 2.3% dive on Thursday had been the sharpest one-day loss in six months. Tedros Adhanom Ghebreyesus, WHO director-general, said the greatest worry was the potential for the virus to spread to countries with weaker health systems.
That helped Wall Street recoup its losses so the Dow finished up 0.43%, while the S&P 500 gained 0.31% and the Nasdaq 0.26%. After the bell, NASDAQ futures NQc1 pushed 1.3% higher on the Amazon results. “Based on the patterns observed from other epidemics, we assume that the outbreak will likely run its course over 2-3 months, meaning the hit to activity happens in the current quarter” JPMorgan analysts said in a note.The drum beat of bad news kept safe-haven bonds well bid, with yields on US 10-year Treasuries US10YT=RR down 9 basis points for the week so far and near four-month lows.
ہم نے اس خبر کا خلاصہ کیا ہے تاکہ آپ اسے جلدی سے پڑھ سکیں۔ اگر آپ خبر میں دلچسپی رکھتے ہیں تو آپ مکمل متن یہاں پڑھ سکتے ہیں۔ مزید پڑھ:
پاکستان تازہ ترین خبریں, پاکستان عنوانات
Similar News:آپ اس سے ملتی جلتی خبریں بھی پڑھ سکتے ہیں جو ہم نے دوسرے خبروں کے ذرائع سے جمع کی ہیں۔
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