The usually busy Merlion Park in Singapore looking almost empty on Friday (March 6). World stocks and the price of oil dropped sharply again on Friday as pessimism prevailed over hopes for central bank action to counter the economic disruption from the Covid-19 (coronavirus) outbreak. - AFP
TOKYO: World stocks and the price of oil dropped sharply again on Friday (March 6) as pessimism prevailed over hopes for central bank action to counter the economic disruption from the virus outbreak.
Rumours that Chinese officials might be overstating the extent to which local businesses are getting back to work also were undermining confidence, traders said.
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