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NEW YORK: Global equity markets slumped on Friday as the fast-spreading coronavirus drove investors into safe havens, with gold hitting a fresh seven-year high and the yield on the 30-year U.S. Treasury bond sliding to an all-time low.
BEIJING (AP): Global stock markets followed Wall Street lower Friday (Feb 21) after a spike in new virus cases in South Korea refuelled investor anxiety about China's disease outbreak.
HONG KONG/TOKYO (Bloomberg):Key gauges for manufacturing in Australia and Japan fell while early export orders for South Korea showed a slump in Chinese demand. Data from China showed car sales sank 92 per cent in the first half of February while its Commerce Ministry said trade and inbound investment would take an increasing hit from the epidemic.
AS EXPECTED, Donald Trump is still the president of the United States and this is what the markets were expecting as most of the members of the senate were republicans.
BEIJING (China Daily/ANN): The Chinese economy is expected to ride out the pressure brought by the novel coronavirus outbreak and maintain strong economic growth by global standards this year, economists said on Thursday (Feb 6).
The dollar surged by 1.14% to 98.496 largely underpinned by stronger economic data, signalling that the US economy remains resilient despite concerns over slower global growth.
KUALA LUMPUR: Paramount Corp Bhd, Careplus Group Bhd, Genting Malaysia Bhd, MISC Bhd and Uzma Bhd are among the stocks to watch on Thursday, according to JF Apex Research.
NEW YORK: The dollar gained and a gauge of global equity markets surged for a third day on Wednesday, as investors cheered expectations of more central bank stimulus and reports that scientists were developing a vaccine for the deadly coronavirus.
HONG KONG: Asian manufacturing gauges stumbled in January, suggesting that the United States-China trade agreement has failed to spur sentiment for an industry now bracing for supply-chain disruptions and a blow to demand from the spread of the coronavirus.
ONE of the main events of the week was supposed to be Brexit and a possible interest rate cut by the Bank of England.