Asian markets plunging on Friday after Wall St. and Europe implode on coronavirus fears
Asian equities went into freefall on Friday, extending a global rout that saw markets experience their worst day in decades as fears of a worldwide recession caused by the coronavirus pandemic wiped trillions off valuations.
Shellshocked investors fled for the hills as governments across Europe and in the United States struggled to get a grip on the crisis that has swept across the planet and shut communities down.
Central bank moves to support financial markets have also failed to staunch the bloodletting, while Donald Trump’s decision to shut the US border to European travellers added to the panic.
Tokyo fell as much as 10 percent at one point, while Sydney and Seoul shed eight percent. Hong Kong plunged more than six percent, as did Singapore, Wellington and Taipei.
https://www.rawstory.com/2020/03/asian-markets-plunging-on-friday-after-wall-st-and-europe-implode-on-coronavirus-fears/
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