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HONG KONG (AFP): Asian equities mostly rose and the dollar extended losses Friday, with traders buoyed by government and central bank pledges to prop up the global economy as the coronavirus sends countries into lockdown.
HONG KONG (AFP): Asian markets mostly rose Thursday (March 26) as investors breathed a sigh of relief that US senators have finally passed a gargantuan stimulus package for the world's top economy after being delayed by wrangling over details.
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.
HONG KONG: Asian markets fluctuated on Tuesday (March 17) after Wall Street suffered its worst day in more than three decades with the Covid-19 (coronavirus) panic sweeping the planet, though European equities enjoyed an early bounce.
MANILA/SINGAPORE (Reuters) - The Philippine Stock Exchange closed indefinitely on Tuesday while currency and bond trading were suspended, the first market shutdowns worldwide in response to the coronavirus, with authorities citing risks to the safety of traders.
SINGAPORE/BANGKOK/KUALA LUMPUR: After a harrowing week that featured trading halts and epic declines in some of the major markets, investors are looking to indulge in food, wine and video games over the weekend while keeping tabs on the virus this weekend.
SINGAPORE: Asian central banks moved aggressively on Saturday (March 14) to counter the market carnage on Friday, pumping liquidity into the financial system and discussing emergency action to fight the global economy’s biggest threat since the financial crisis.
HONG KONG (Bloomberg): Stocks tumbled in Asia following the worst Wall Street session since 1987, with investors spooked that emergency fiscal and monetary packages won’t be enough to stave off a recession. Treasuries edged up with the dollar.
MANILA/JAKARTA: Philippine and Indonesian shares sank into bear markets as another devastating day for equities unfolded. The Philippine Stock Exchange Index plunged 6.8% Monday, the most since October 2008 and taking its slide from a July high to 25%. With a 6.6% slump, the Jakarta Composite Index closed 23% below a record reached in February 2018
BANGKOK (The Nation/ANN): Global markets in turmoil. Central banks rushing to arrest panic. But in China, the country most affected by the virus outbreak, it's boom time for traders.