Stocks in Asia declined in Friday morning trade as volatility continues to grip the markets amid investor concerns over the global coronavirus outbreak.
KUCHING: Covid-19 will have a positive impact on earnings for the rubber products (gloves) sector, analysts project, given the recent demand surge due to the outbreak.
TOKYO (Reuters) - Asian shares fell on Friday following another Wall Street rout as disruptions to global business from the coronavirus beyond China worsened, stoking fears of a prolonged world economic slowdown.
(Reuters) - The coronavirus likely halved China’s economic growth in the current quarter compared with the previous three months, more severe than thought just three weeks ago and triggering expectations for earlier interest rate cuts, a Reuters poll found.
BEIJING (Reuters) - Passenger car retail sales in China, the world’s biggest auto market, fell 80% in February because of the coronavirus epidemic, one of the country’s industry associations said on Wednesday.
The International Monetary Fund (IMF) has slashed its 2020 growth outlook for China to below 5.6 per cent because of the “sheer geographic spread” of the coronavirus epidemic globally, IMF managing director Kristalina Georgieva said on Wednesday.