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MUMBAI: Gold exchange-traded funds (ETFs) are popular again, as risks to the global economy escalate even as jewellery sales languish in the world’s second-biggest consumer of the precious metal.
LONDON: Global shares were buoyant on Monday as the promise of further policy stimulus from China to counteract the economic hit from a coronavirus outbreak calmed nervous investors.
WHILE the world is now panicking on the severity of the coronavirus (Covid-19) outbreak, from a financial standpoint, how should investors react? Also is the epidemic risk the biggest risk the market is now facing?
NEW YORK/LONDON: The dollar rose and global equity markets slumped on Thursday after a new methodology that boosted the coronavirus death toll in China unnerved investors, curbing a rally that had lifted U.S. and European stocks to a series of record peaks.
KUALA LUMPUR: Blue chips extended their decline on Thursday, weighed down by banks on concerns of a rate cut and weaker economic growth crimping their profits due to the Covid-19 coronavirus.
NEW YORK:Major U.S. and European stock indexes surged to fresh records on Tuesday after China's senior medical adviser suggested the deadly coronavirus may be over by April, an outlook that also helped crude prices gain on hopes of renewed Chinese demand.
SEOUL/SAN FRANCISCO: Samsung Electronics on Tuesday unveiled a foldable smartphone shaped like a large makeup compact, its second try at a novel technology that the South Korean cell phone maker hopes will set it apart from rivals Apple Inc and Huawei.
SYDNEY: Asian share markets looked set for another cautious session on Tuesday as investors tried to judge how quickly China's factories could return to work as the coronavirus continues to spread and deaths mount.
NEW YORK: Gold rose and the dollar hit a four-month high against the euro on Monday on safe-haven appeal as the death toll from the coronavirus outbreak passed that of the SARS epidemic two decades ago, but Wall Street rallied to record highs.
SINGAPORE: Gold steadied after three days of gains as investors weighed the unfolding coronavirus crisis, including a blunt warning from the head of the World Health Organization about the potential for more cases beyond China.SINGAPORE: Gold steadied after three days of gains as investors weighed the unfolding coronavirus crisis, including a blunt warning from the head of the World Health Organization about the potential for more cases beyond China.