Asian stocks retreat in the face of inexorable coronavirus spreading
Rise in US Covid-19 infection rates dents momentum worldwide despite improvements in global economy, analyst says
29 June 2020 - 07:56
Sydney — Asian share markets began the week with a cautious tone on Monday as the relentless spread of the coronavirus finally made investors question their optimism on the global economy, benefiting safe harbour bonds and crimping oil prices.
MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.3% and further away from a four-month top hit last week. Japan’s Nikkei shed 2.2% and Chinese blue chips 0.9%...
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