Coronavirus News Asia

Stimulus rally fizzles as virus toll climbs


Trade of the Day: Stocks and futures slide as stimulus impact questioned; dollar extends gains.

Quote of the Day: “In times like this, market operators must rise to the challenge and provide stable and transparent access to liquidity for our issuers, market participants and investors. We remain committed to keeping our markets fully operational, though the current global pressures on financial markets mean that we will continue to operate with a heightened sense of vigilance in the coming weeks and months,” said HKEX Chief Executive Charles Li as several stock exchanges shut shop in response to the fast-spreading coronavirus which has stoked unprecedented market volatility.

Stock of the day: LVGEM China rose in a weak market after it said profit in 2019 had risen an estimated 35% due to its robust property business.       



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