You are here

Asia: Markets battered as fears of Covid-19 induced recession gathers pace; STI down 2.5%

AB_nikkei_280220.jpg
In one fell swoop, Asian equity markets are awash with deeper hues of red on Friday after Wall Street was dealt its biggest pummelling this week.

ASIAN equity markets sank deeper into the red on Friday after Wall Street was dealt its biggest pummelling this week.

Investors are bracing for a global economic slowdown and see rising risk of a US recession due to the Covid-19 outbreak, which the World Health Organization has said is at...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes