Asian shares fall as coronavirus deaths rattle investors

08.04.2020 - Davydova Maria
Asian shares fall as coronavirus deaths rattle investors

Asian stocks fell on Wednesday, ending two sessions of consecutive gains as the death toll of coronavirus rose around the world.

Investors were rattled as mainland China’s new coronavirus cases doubled in 24 hours due to overseas travellers.

In New York, COVID-19 hospitalizations seemed to be decreasing. However, the death toll in the United States climbed to 1,800.

The erratic swings in the oil market caused the MSCI’s broadest index of Asia-Pacific shares outside Japan to drop 0.7%. Shanghai blue chips fell 0.6%, while Nikkei gained 0.4%.

S&P 500 e-mini futures rocked between gains and losses, while  EUROSTOXX futures plunged 1.1%.

The S&P 500 closed Tuesday with 0.16% losses. The Nasdaq sank 0.33% and the Dow 0.12%.

U.S. President Trump said the United States may be reaching the peak of the coronavirus curve. The Trump administration also asked Congress to release an additional $250 billion emergency economic stimulus for small businesses.

The dollar fell 0.1%, at 108.80 against the Japanese yen, while the euro slipped 0.2%, at $1.0865.

The dollar index rose 0.2%, at 100.170.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue

Help with deposit?