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NEW YORK/ TOKYO: Ian Burdette stared at his computer screens on Thursday afternoon in New York and could hardly believe his eyes.
LONDON/HONG KONG: A rebound in European and US stocks on hopes Washington would agree on new stimulus measures fizzled this weekend as traders closed out a week of carnage over fears the coronavirus pandemic will trigger a global recession.
NEW YORK: A gauge of stocks across the globe bounced back on Friday led by a late rally on Wall Street, after U.S. President Donald Trump freed $50 billion to tackle the novel coronavirus pandemic.
WE are in a way fortunate to experience what normally happens once in a lifetime. It is not often we see multiple events playing out at the same time to create what is define as a perfect storm
AS waves of uncertainty hit different shores, economists and analysts around the world are no longer able to predict with confidence the economic impact of an unravelling global economy.
THE World Health Organisation (WHO) has declared Covid-19 a global pandemic. Wall Street has marked the largest drop since the October 1987 stock market crash. Gold is breaking record highs, oil prices are back to 19-year lows and bond yields are getting close to zero even in the United States.
SINGAPORE: Global stock markets crashed on Friday, ending a years-long bull run, with the Covid-19 coronavirus panic selling hitting almost every asset class and leaving investors nowhere to hide.
SINGAPORE: Asia's stocks were poised to plunge further on Friday as panic gripped world financial markets and even safe-haven assets such as gold were ditched to cover losses in the wipeout.
NEW YORK: Wall Street tanked on Thursday, slamming the book on the longest-ever U.S. bull market after new travel restrictions to curb the coronavirus spread spooked investors and rattled world markets.
SINGAPORE: Gold held its ground as the disruption to the global economy from the coronavirus pandemic intensified, with the United States announcing that it’ll suspend travel from Europe in a bid to battle the outbreak, and investors shunning risk assets from equities to industrial commodities.