Asian stocks suffer amid worry about length of global lockdown
Uncertainty reigns about whether funds will have to buy or sell for month- and quarter-end to meet benchmarks
30 March 2020 - 08:25
Sydney — Asian shares slipped on Monday and oil prices took another tumble as fears mounted that the global shutdown for the coronavirus could last for months, doing untold harm to economies despite central banks’ best efforts.
“We continue to mark down 1H20 global GDP forecasts as our assessment of both the global pandemic’s reach and the damage related to necessary containment policies has increased,” said JP Morgan economist Bruce Kasman...
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