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Asian markets nosedive as coronavirus spreads

by LLB Editor
13th Mar 20 6:38 am

Stock markets have seen volatile trading as investors weigh the effect of the coronavirus against measures aimed at easing its economic impact.

Share markets across the Asia-Pacific region, including Japan, Australia and India, have experienced major swings. It followed the Dow and S&P 500 in the US having their biggest one-day declines since 1987.

Japan’s Nikkei 225 index has swung back from being down by more than 10% in early trading to be around 4% lower.

Australia’s benchmark S&P/ASX 200 saw its biggest trading swing on record as it reversed a loss of 8.1% to end the day 4.4% higher.

Trading in India’s Nifty 50 stock index was halted for 45 minutes on Friday morning after it fell 10% and hit a “circuit-breaker” only to erase much of those losses after trading resumed.

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