Coronavirus News Asia

Stimulus packages give markets hope

Trade of the Day: Stocks rebound in volatile trade; oil is higher; gold and yen are weak.

Quote of the Day: “UCLA Anderson Forecast economists say the US economy has entered a recession, ending the expansion that began in July 2009. “For the full 2020 year, it is expected that GDP will have declined by 0.4%. The revised forecast comes with an important caveat. If the pandemic is much worse than assumed, this forecast will be too optimistic.”

Stock of the Day:  CanSino Biologics rose as much as 23% after the vaccine maker said it is jointly developing a vaccine candidate for preventing the disease caused by the novel coronavirus infection.           

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