NewsFeeder
Headline News
- Reaction score
- 3
Asia stocks extend falls in worst week since 2011 on coronavirus
Asia-Pacific stocks sold off for a seventh day on coronavirus fears as shares in Tokyo and Sydney followed Wall Street into correction territory, and investors ramped up bets the US central bank would cut interest rates as the crisis deepens. Japan’s Topix stock index plunged 4.2 per cent on Friday while Australia’s S&P/ASX 200 dropped 3.3 per cent, bringing both benchmarks down more than 10 per cent from their most recent highs in early February. FTSE 100 futures pointed to a 3.9 per cent fall when trading in London begins, while S&P 500 futures suggested a drop of 1.7 per cent when Wall Street opens later on Friday.
https://finance.yahoo.com/m/fbb5572...f1/asia-stocks-extend-falls-in.html?.tsrc=rss
Asia-Pacific stocks sold off for a seventh day on coronavirus fears as shares in Tokyo and Sydney followed Wall Street into correction territory, and investors ramped up bets the US central bank would cut interest rates as the crisis deepens. Japan’s Topix stock index plunged 4.2 per cent on Friday while Australia’s S&P/ASX 200 dropped 3.3 per cent, bringing both benchmarks down more than 10 per cent from their most recent highs in early February. FTSE 100 futures pointed to a 3.9 per cent fall when trading in London begins, while S&P 500 futures suggested a drop of 1.7 per cent when Wall Street opens later on Friday.
https://finance.yahoo.com/m/fbb5572...f1/asia-stocks-extend-falls-in.html?.tsrc=rss
