SYDNEY, Feb 3 — Asian shares stumbled today, oil skidded and commodities on Chinese exchanges plunged on their first trading day after a long break on fears the coronavirus epidemic will hit demand in the world’s second-largest economy Aiming to head off any panic, the Chinese government took a...
Monday, 03 Feb 2020 11:30 AM MYTSYDNEY, Feb 3 — Asian shares stumbled today, oil skidded and commodities on Chinese exchanges plunged on their first trading day after a long break on fears the coronavirus epidemic will hit demand in the world’s second-largest economy
A total of 361 people have died in China from the coronavirus with the first death out of the mainland reported yesterday in the Philippines. Economists at Citigroup said the steps taken by Chinese authorities were “unlikely to be sufficient to curtail a sharp downturn in Q1.” “This could take time to play out, but this underpins our long-term optimism in the A-share market despite a challenging time ahead.”
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