Asian shares drop, commodities sink on virus fears after Lunar New Year break | Malay Mail

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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Global shares slump on China virus economic concerns, gold gains | Malay MailNEW YORK, Feb 1 — Global equity markets posted their biggest weekly and monthly loss since August yesterday as growing concerns about the economic impact of the coronavirus outbreak in China sapped risk appetite and lifted the safe-haven Japanese yen and Swiss franc. Gold posted its best month in...
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