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SINGAPORE: Oil and Asian share markets extended losses on Thursday as the rapid global spread of the Covid-19 coronavirus kept investors on edge and seeking safety in gold and bonds.
SINGAPORE: Oil and Asian share markets slipped on Thursday, struggling to find a footing as the rapid global spread of the coronavirus left investors on edge and seeking safety in gold and bonds
BENGALURU: Global stocks have further to run this year, but the likelihood of a correction of 10% or more is high, according to Reuters polls of market strategists, with the severity of the economic hit from the coronavirus outbreak being the biggest risk.
NEW YORK: Stocks and oil prices resumed their fall on Wednesday after authorities said more than 80 people were being monitored for the novel coronavirus in New York state's Long Island, adding to concern over its spread in Europe, Asia and the Middle East.
TOKYO (AP): Asian shares fell Wednesday (Feb 26) on growing fears the spread of Covid-19 may be unstoppable, hurting global growth considerably.
SHANGHAI/SEOUL: Asia reported hundreds of new coronavirus cases on Wednesday, including the first U.S. soldier to be infected, as the United States warned of an inevitable pandemic, and outbreaks in Italy and Iran spread to more countries.
TOKYO (Bloomberg): As the International Olympic Committee looks ahead to the Summer Games with trepidation, it does have something that could cushion the blow in case of cancellation: a US$897 million reserve fund to help finance global sports.
SAN FRANCISCO (AFP): As the new coronavirus spreads globally, the online battle to keep misinformation about the disease is also stepping up.
KUALA LUMPUR: The double whammy of political uncertainties after the collapse of the Pakatan Harapan government and the Covid-19 threat saw Bursa Malaysia notching losses in early Wednesday trade.
KUALA LUMPUR: A sharp decline in the price of crude oil coupled with downward pressure on volume caused by the Covid-19 outbreak will weigh on Petronas Dagangan Bhd's earnings for the 2020 financial year, says Kenanga research.