World Stock Rout Builds After Dow Hits Bear Market: Markets Wrap

(Bloomberg) — A global equity rout deepened in Asia on Thursday after a renewed sell-off in U.S. equities, with investors concerned by a lack of clarity from the Trump administration on a coronavirus stimulus package.Shares in Japan sank and Australian equities extended recent losses, getting little respite from that nation’s stimulus package. Treasuries found a renewed bid. The World Health Organization earlier called the virus spread a pandemic and the Dow Jones Industrial Average tipped into a bear market, ending the longest bull-run in history for U.S. shares. Early gains for American equity futures fizzled as investors awaited a press …read more

Source:: Yahoo Finance

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