Stocks Drop With Treasury Yields on Virus Jitters: Markets Wrap

(Bloomberg) — Asian stocks, U.S. and European futures retreated Friday amid renewed concern about the impact of the coronavirus as cases outside of China increased. Treasuries and gold advanced.Shares in Korea and Hong Kong saw the steepest losses, with more modest declines in Australia. Japanese stocks closed little changed while those in China edged higher. The yield on 10-year Treasuries fell below 1.5% for the first time since September. Also hurting sentiment: gauges of manufacturing in Australia and Japan added to concern about slowing economic growth, while weak South Korean export data weighed on the won. The Dollar Index remained …read more

Source:: Yahoo Finance

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