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MANILA: Philippine stocks investors, crushed by the steepest plunge on record, should brace for more pain, according to the country’s seasoned market watchers.
MUMBAI: India’s rupee weakened to a new low and stocks slumped anew amid a global meltdown in risk assets, with rising number of coronavirus cases locally adding to anxiety. Sovereign bonds also declined.
KUALA LUMPUR: The FBM KLCI descended lower to the 1,200 support on Thursday as investors continued their exodus from equities to safer ground.
KUALA LUMPUR: Amid the carnage in the global equities including Malaysia due to the Covid-19 and oil price shock, a stockbroker in Malaysia urged Bursa Malaysia Securities to halt trading immediately.
NEW YORK: U.S. stocks deepened their selloff on Wednesday and the Dow erased virtually the last of its gains since President Donald Trump's 2017 inauguration, as the widening repercussions of the coronavirus pandemic threatened to cripple economic activity.
(Bloomberg) -- The dollar is heading for an all-time high as slowdown fears persist even with fresh global stimulus, while equities and bonds tumbled.
BENGALURU: The Philippine peso rose as the country’s foreign exchange and bond markets reopened, but other units traded in a tight range amid rising doubts over the effectiveness of stimulus measures to stem the fallout from the coronavirus outbreak.
HONG KONG (AFP): Asian markets sank Wednesday (March 18) as investors struggled to build on an early rally fuelled by global stimulus pledges, including a more than US$1 trillion package flagged by the United States.