Stocks in South Korea led losses among major Asian markets in Monday morning trade as they plunged after the country raised its coronavirus alert to the “highest level” following a recent spike in cases throughout the country.
TOKYO (Reuters) - Oil prices fell on Friday amid concerns over fuel demand as the coronavirus epidemic spread further beyond China, while major crude producers stood pat on any early action to cut output to support the market.
SINGAPORE (Reuters) - The yen was set for its worst week in two-and-a-half years on Friday, as fears over the creeping spread of the coronavirus epidemic drove funds out of Asia and looking for safety in the U.S. dollar, gold and bonds.
SYDNEY (Reuters) - Asian shares were under water on Friday as fears over the creeping spread of the coronavirus sent funds fleeing to the sheltered shores of U.S. assets, lifting the dollar to three-year highs.
(Bloomberg Opinion) -- On the face of it, it makes very little sense. As the Covid-19 coronavirus has spread this year, prices for the key raw material used in latex medical gloves have been plummeting.
