Asian stocks rise after Wall Street advance on aid hopes
BEIJING (AP) — Asian stock markets rose Friday after Wall Street gained on hopes government and central bank action can shield the world economy from a looming recession caused by the coronavirus.
Benchmarks in Shanghai, Hong Kong, Australia and Southeast Asia advanced. Tokyo was closed for a holiday. Oil gained again a day after U.S. benchmark crude soared by a record 23%.
Investors were encouraged after seeing more steps by the Federal Reserve and other central banks and governments to support credit markets and the economy.
Stocks, oil prices plunge as virus closes sites around world
BANGKOK (AP) — The world’s largest economies delivered more worrisome cues Monday as anxiety over the virus outbreak sent stock and oil prices plunging and closed sites from the Sistine Chapel to Saudi Arabian schools.
Shares in Asia, the Mideast and Europe, and U.S. futures were down sharply, reports on the health of the economies of Japan and China stirred more unease, and the downturn was being felt by people around the world.
Stocks sink, bond yields take another breathtaking drop
NEW YORK (AP) — Stocks kept falling Friday, and bond yields took more breathtaking drops as a brutal, dizzying couple weeks of trading showed no sign of letting up.
Even a better-than-expected report on U.S. jobs wasn’t enough to pull markets from the undertow. It’s usually the most anticipated piece of economic data each month, but investors looked past February’s solid hiring numbers because they came from before the new coronavirus was spreading quickly across the country.
Global stocks fall again on fear of virus impact on economy
Global stock markets plunged extra Friday on spreading fears over the influence of the present coronavirus, with some indexes location to shut out their worst week for the reason that depths of the monetary disaster in 2008.
Germany’s DAX skidded as unparalleled as 5% sooner than stabilizing, Tokyo and Shanghai closed 3.7% lower. Wall Boulevard seemed location for more losses a day after enduring its ideal one-day descend in nine years.
Stocks just ‘corrected,' a regular but still scary event
NEW YORK (AP) — The stock market’s fresh creep hit a tall milestone Thursday after indexes bought pounded for a sixth straight day.
The S&P 500 has dropped bigger than 10% from its file excessive, space honest over a week ago, as worries luxuriate in increased that a hasty-spreading new virus will slam economies and company earnings around the sector. Within the stilted parlance of market watchers, stocks honest went by scheme of a “correction.
Stocks go on a wild ride as virus threatens economic damage
NEW YORK (AP) — Shares went on a wild trip Thursday as traders battle to gauge the aptitude affect of the coronavirus outbreak on the arena economy.
The Dow Jones Industrial Moderate dropped 960 parts in morning shopping and selling, then erased worthy of the loss by midday before giving skill to at least one other round of selling within the afternoon. It used to be down about 650 parts, or 2.