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Most of Asia Pacific stocks, save for the US stocks which gained after the outbreak of the novel coronavirus, fell on Tuesday.
The benchmark for Australian’s equity performance S&P/ASX 200 was up 1.7%, regaining previous losses. It's now trading nearly 19% below its most recent high, just under the 20% which still remains in a downtrend market.
South Korea's Kospi (KOSPI) dropped while Hong Kong's Hang Seng Index (HSI) changed between profits and losses. China's Shanghai Composite (SHCOMP) fell by 1%.
On the other hand, US stocks improved as Dow futures (DJI) moved upward. It’s trading up to 500 points since President Donald Trump announced that legislature will present a salary tax cut and guarantee support to workers amid the epidemic.
The coronavirus outbreak is pounding the markets and vast economies not only in the United States but also other countries around the world. Cases of coronavirus have now reached 100,000 with 22 deaths in the United States as of Monday afternoon.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
Apple, Google, Amazon, and Facebook’s chief executive officers faced Republican and Democratic U.S. lawmakers on Wednesday for the much-anticipated congressional hearing. The CEOs were questioned for alleged abuse of their market power ...
Asian stocks advanced on the prospect of ultra-easy monetary policy as the U.S. Federal Reserve kept interest rates near zero. Fed deemed it necessary to salvage the ailing economy, dragging the dollar down to a two-year low. The target range ...
On Wednesday, European stocks rose slightly after mixed earnings reports. However, the new wave of the coronavirus outbreak kept investors cautious while they also wait for the U.S. Federal Reserve’s announcement. The Stoxx Europe 600 ...
European shares fell earlier on Monday, weighed down by travel stocks after the U.K. placed a quarantine on travelers from Spain as the number of COVID-19 cases continue to surge. The pan-European STOXX index lost 0.5% at 0718 GMT. Meanwhile, ...
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