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Asia markets battered on fears of coronavirus-induced recession

The US' S&P 500 has its worst day since last October; one analyst says it could get worse

Published Fri, Feb 28, 2020 · 09:50 PM — Updated Fri, Dec 15, 2023 · 10:45 PM

    Singapore

    ASIA stocks plunged on Friday with the MSCI Asia-Pacific Index notching seven straight sessions of losses after sellers pummelled Wall Street the night before.

    Investors are bracing for a global economic slowdown and see rising risk of a US recession triggered by Covid-19. With cases now found in at least 50 countries, the World Health Organization has said the outbreak is now at a "decisive point".

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