SYDNEY - Asian shares slipped on Monday and oil prices took another tumble as fears mounted that the global shutdown for the coronavirus could last for months, doing untold harm to economies despite central banks’ best efforts.
Japan’s Nikkei dropped 2.7% and Shanghai blue chips 1.8%. MSCI’s broadest index of Asia-Pacific shares outside Japan lost 0.7%, though that was up from early lows. Rodrigo Catril, a senior FX strategist at NAB, said the main question for markets was whether all the stimulus would be enough to help the global economy withstand the shock.
U.S. President Donald Trump on Sunday extended guidelines for social restrictions to April 30, despite earlier talking about reopening the economy for Easter. “Ultimately, we expect the USD will soon reassert itself as one of the strongest currencies,” argued analysts at CBA, noting the dollar’s role as the world’s reserve currency made it a countercyclical hedge for investors.
I stared at this headline too long.
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:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asia shares suffer virus chills, central banks offer what they canAsian shares slid on Monday and oil prices took another tumble as fears mounted that the global shutdown for the coronavirus could last for months, doing untold harm to economies despite central banks' best efforts. Pure greed at a time of Crisis around the world... No people equates to no shares at all.. and no business. I hope they never recover. And America has a price to pay too.
Source: Reuters - 🏆 2. / 97 Read more »
Rumors hampering fight against coronavirus in South AsiaAs India and other South Asian nations brace for the spread of the coronavirus, they face another battle: misinformation. Social media are rife with bogus remedies, tales of magic cures and hazardous medical advice. It's the same here in the US. 1. don't listen to anything donald trump says. 2. don't drink fish tank cleaner. Let’s start with cow piss remedy in India !!
Source: AP - 🏆 728. / 51 Read more »
Asia shares under threat as futures fall earlyAsian share markets looked set for a rocky start on Monday as U.S. stock futures took an early spill amid fears the global shutdown for the coronavirus could last for months, doing untold harm to economies. Trump’s press conference has that touch
Source: Reuters - 🏆 2. / 97 Read more »
Asia stocks set to trade lower as investors continue to assess economic impact of coronavirus pandemicInvestors will continue to watch for developments on the global coronavirus outbreak, which has already infected more than 691,000 worldwide and taken at least 32,000 lives, according to data compiled by John Hopkins University.
Source: CNBC - 🏆 12. / 72 Read more »
'They look at me and think I'm some kind of virus': What it's like to be Asian during the coronavirus pandemicFor the Asian American community, the dirty looks, the harassment and the physical abuse began long before coronavirus spread across the country. Yes, by American Americans mostly. That’s a shame. Hopefully we will all learn to love one another. 😡
Source: USATODAY - 🏆 100. / 63 Read more »