US feels the ripple effects of Covid-19 as indexes dip
BULLS and bears are grappling over a question that may decide the fate of the stockmarket expansion: Can medical authorities around the world contain an epidemic before it causes a lasting economic slowdown?
US stocks fell sharply last week as warnings from Apple and others forced a re-assessment of the economic impact of the ongoing Covid-19 outbreak.
Infection clusters in Chinese prisons outside Hubei province, in South Korea, Italy and other nations have scuppered hopes that the spread of the virus could be slowing.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Europe: Shares end higher on tech support; banks slide
US: Stocks rally on cooler hiring numbers
Singapore stocks end week in the red; STI down 0.1%
Asia: Markets track Wall Street higher as rate hopes rise, eyes on US jobs
H2G Green chief to stand trial on Aug 5 amid MOM probe
Singapore shares climb at Friday’s open; STI up 0.2%