NEW YORK - Asian shares faced another leg lower on Wednesday as the coronavirus sharply slows global growth, leading a gauge of world stocks to post its biggest quarterly decline in more than a decade and oil prices to trade near lows last seen in 2002.
FTSE China A50 futures in Singapore were down 0.85 per cent and Japan's Nikkei fell 1.86 per cent in early trade. The United States marked 700 deaths in a single day from COVID-19 for the first time on Tuesday, lifting total US fatalities from the disease to more than 3,700.MSCI's gauge of stocks across the globe shed 0.48 per cent following modest gains in Europe. The index fell nearly 22 per cent for the quarter.
The dollar slid against a basket of currencies, pressured by the latest Federal Reserve measures to ensure sufficient liquidity in the global financial system.
reyazsheikh5 Oh boy!
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:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
STI has a positive end to its worst quarter since 2008Singapore's Straits Times Index (STI) closed higher on Tuesday after official Chinese factory data for March beat expectations, lifting sentiment at the tail end of a quarter that will go down as one to forget due to the Covid-19 outbreak. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Asia shares make cautious gains, investors eye China PMIAsian share markets managed a tentative rally on Tuesday after European and U.S. equities stabilized, though buying for month and quarter-end book ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China PMI offers tiny relief to Asia as stocks head for dire end to quarterHONG KONG: Asian shares were set to close out a calamitous quarter by eking out a small rally on Tuesday (Mar 31) as factory data from China held ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Asia shares edge up, China factories show flicker of lifeSYDNEY: Asian shares managed a tentative rally on Tuesday as factory data from China held out the hope of a rebound in activity even as other ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Asia dealmakers look to take-private deals, distressed sales as M&As slump to 7-year lowHONG KONG (REUTERS) - Asia's dealmakers are looking to distressed sales and a pick-up in take-private deals after fallout from the coronavirus outbreak sent first-quarter M&A activity to a seven-year low.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
COVID-19 epidemic 'far from over' in Asia: WHO officialThe coronavirus epidemic is 'far from over' in the Asia-Pacific region, and the current measures to curb the spread of the virus are merely buying ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »