Tuesday, 25 February 2020 04:14 WIB
Hong Kong suffered more big losses Monday as investors fret that the coronavirus could become a global pandemic, with energy firms and companies linked to tourism among the worst hit.
The Hang Seng Index fell 1.79 percent, or 487.93 points, to close at 26,820.88.
The benchmark Shanghai Composite Index slipped 0.28 percent, or 8.44 points, to 3,031.23 and the Shenzhen Composite Index rose 1.36...
Monday, 24 February 2020 16:38 WIB
German business morale rose unexpectedly in February, a survey showed on Monday, easing recession fears in Europe™s largest economy which has been losing momentum as its manufacturers struggle with falling exports.
The Ifo institute said its business climate index rose to 96.1 after an upwardly revised 96.0 in January. The February reading compared with a Reuters consensus forecast for a fall...
Tuesday, 25 February 2020 02:59 WIB
Oil futures settled lower on Monday, with U.S. prices losing almost 4% as the market continued to fret over the impact of coronavirus on energy demand.
"It could be a bloodbath for oil in the short-term as the risks of a global pandemic will cripple travel and trade," said Edward Moya, senior market analyst at Oanda, in a market update. He said U.S. benchmark crude futures may trade in the...