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NEW YORK: A jump in the price of oil and the promise of more government stimulus to ease the economic pain inflicted by the coronavirus pandemic helped global equity markets surge on Wednesday, prompting investors to edge out of perceived safe-haven assets like U.S. Treasuries.
PETALING JAYA: Stocks on Bursa Malaysia took leads from sombre oil prices and overnight losses from the Dow Jones, and dutifully corrected, but only in the morning session of trading.
BEIJING (AP): Asian stock markets were mixed Wednesday (April 22) as oil prices edged lower amid anxiety about the coronavirus pandemic's mounting economic damage.
WASHINGTON/NEW YORK: Asian share markets were set to tumble on Wednesday as the floor fell out from under U.S. crude prices, exposing the deep damage the coronavirus pandemic has had on global economic demand.
NEW YORK: Stock markets around the world fell on Tuesday, as a collapse in oil prices brought on by oversupply and a shortage of storage further exposed the depth of economic damage from the coronavirus outbreak and sent investors looking for shelter.
PETALING JAYA: A double whammy in the market sent the local bourse into a bloodbath as investors took profit from a spectacular two-day rally.
NEW YORK: Wall Street retreated for a second straight day on Tuesday as a collapse in U.S. crude prices and glum annual profit forecasts by companies foreshadowed the biggest economic slump since the Great Depression due to the coronavirus outbreak.
WASHINGTON: Asia shares were poised to track a Wall Street tumble on Tuesday after U.S. crude futures turned negative for the first time in history, crushed by a spectacular collapse in oil demand as the coronavirus pandemic derails the global economy.
NEW YORK: A historic plunge in U.S. crude oil prices pulled global equity markets lower on Monday and helped drive bond prices higher as investors sought out safe havens amid the economic carnage of the coronavirus pandemic