Asian markets slump as investors flock to safe havens
Dollar rises to three-year high as fears grow over the coronavirus outbreak
21 February 2020 - 09:59
Sydney — Asian shares were under water on Friday as fears over the creeping spread of the coronavirus sent funds fleeing to the sheltered shores of US assets, lifting the dollar to a three-year high.
Adding to the tension was the imminent release of flash manufacturing surveys for a range of countries. Japan’s index dropped to 47.6 in February, from 48.8, marking the steepest contraction in seven years...
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