Coronavirus fears are weighing on Asian markets again

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The coronavirus-related shock to US markets is once again carrying over to Asia Pacific.

Australia’s S&P/ASX 200 fell 2.1% Wednesday, while South Korea’s Kospi (KOSPI) and Japan’s Nikkei 225 (N225) each dropped 1.5%.

Hong Kong’s Hang Seng (HSI) Index dropped 1.1%. China’s Shanghai Composite (SHCOMP) lost 1%.

The declines followed a terrible day in the United States, where the Dow (INDU) finished 879 points, or about 3.2% lower — its second straight day of massive declines. The index has lost more than 2,000 points in total over the past four days.

The S&P 500 (DVS) closed down 3%, while the Nasdaq Composite (COMP) fell 2.8%. Futures for all three major US indexes were up about 0.3% in after-hours trading.

Oil prices also tumbled again Tuesday. US oil settled 3% lower at $49.90 per barrel, while the global benchmark Brent crude settled 2.4% lower at $54.95 a barrel. Futures improved slightly during Asian hours.

Source : CNN.News

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