STOCK MARKET WATCH - Friday, 13 March 2020

[Eugene]

6. Asian shares dive, then trim losses after Wall St sell-off

Source: Associated Press

Asian shares dive, then trim losses after Wall St sell-off

By ELAINE KURTENBACH
27 minutes ago

BANGKOK (AP) — Asian shares plunged, then recovered slightly as Friday the 13th brought still more turmoil to markets reeling from uncertainty over the coronavirus crisis.

Benchmarks in Japan, Thailand and India sank as much as 10% following Wall Street’s biggest drop since the Black Monday crash of 1987.

Tokyo’s Nikkei 225 fell nearly 6%. India’s Sensex yoyo’d between gains and losses after a 10% crash briefly halted trading. In Bangkok, the Thailand SET gained 0.5% after a temporary suspension of trading earlier in the day.

Markets worldwide have retreated as fears of economic fallout from the coronavirus crisis deepen and the meltdown in the U.S., the world’s biggest economy, batters confidence around the globe.

But there were signs that government action was beginning to resonate with panicked investors as some ventured back into markets in search of bargains.

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Read more: https://apnews.com/d6c4d01f199bbdccd8fa794e30e4e5c9