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SHANGHAI: China stocks fell about 3% on Thursday, their biggest single-day loss in nearly nine months, as investors unloaded shares related to restaurants, cinemas, airlines and theme parks after a lockdown in the central city of Wuhan to curb a SARS-like virus.
SINGAPORE: Oil extended declines from the lowest close in seven weeks on speculation China’s coronavirus outbreak may dent demand as the market tackles a glut of global crude supplies.
KUALA LUMPUR: Investors are going bargain hunting in Malaysia as they expect government policy changes to start bearing fruit.
SYDNEY: China’s fragile economic stabilisation could be at risk if authorities fail to contain the new virus currently sweeping across Asia, economists have warned.
SINGAPORE: The world’s biggest steel industry is facing pressure from the spread of a deadly respiratory illness that threatens to slow construction activity.
HONG KONG/SHANGHAI: The Chinese stock market reversed early losses to end higher on Wednesday, as Beijing vowed to contain the new, spreading virus which has killed nine and infected 440 in the country.
KUALA LUMPUR: Malaysia's inflation rate rose by 1% in December last year, in line with a Bloomberg forecast, underpinned by higher food prices, with Kuala Lumpur exceeding the national average.
NEW YORK: Wall Street lost ground on Tuesday, backing away from record highs as a viral outbreak from China found its way to U.S. shores and the International Monetary Fund (IMF) lowered its global economic growth forecast.