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Asian shares plunge due to virus, central banks offer temporary relief

30.03.2020 10:01:07
133147

Asian shares underperformed on Monday and oil prices sunk further as pessimism emerged that the worldwide shutdown and restrictions could last longer, impacting the global economy despite central banks’ necessary measures.  

Japan’s benchmark index Nikkei declined by 2.7% and Shanghai blue chips lost 1.8%. MSCI’s broadest index of Asia-Pacific shares outside Japan inched down with 0.7%.

S&P E-Mini futures recovered some losses and recorded a 0.3% increase. The upbeat activity was mainly from surge in demand at the latter part of the month. EUROSTOXXX 50 stabilized at 0.5% as FTSE futures remained neutral.

Central banks implemented all necessary actions including interest rate reductions and intensive asset purchase. These were aimed at relieving financial markets from liquidity issues that the novel coronavirus had inflicted.  

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31.07.2020 11:00:29

Asian stocks dwindle as global growth fears overshadow strong tech earnings

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30.07.2020 14:00:26

The U.S. GDP suffers a historic plunge in the second quarter due to the coronavirus pandemic

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30.07.2020 13:00:25

European shares trade lower after weak earnings reports

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30.07.2020 11:00:25

Oil falls as virus fears weigh on demand recovery

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