SINGAPORE - Asian stocks eased and currency markets were skittish on Thursday, as virus cases rose in South Korea and Japan even as China added more stimulus via a rate cut to support its economy.
MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.6%, led by falls of 0.8% on Hong Kong’s Hang Seng and South Korea’s KOSPI. “Markets have taken a step back because the authorities won’t do any major stimulus until they are completely sure the virus has stopped, because there’s no point in doing it when people are sitting at home.”
China had 394 new cases on Wednesday, the lowest since Jan. 23. More than 2,100 people have died from the coronavirus in China, with eight deaths in other countries but not including the two from the quarantined cruise ship in Japan. The yen was undermined by a run of weak data this week, but traders were unnerved when it blew past a support level at 110.30 per dollar, broadening and accelerating its fall after that.
Somebody tell that guy that the mask isn't doing him a damn bit of good.
Merely the end of the First Wave.(ground-zero contamination and death) Wave Two will come soon.(more world-wide contamination, including Africa and South America, death rate climbs) And last,but not least, Wave Three.(total global pandemic, death-toll rises)
Whilst China’s regime PR’s working its way. Let’s take a minute, share a little thought for a nurse wailing for her husband. A tweet “Separation & death” .
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