Asia’s Stock Markets Are Entering Corrections One by One
Asia’s Stock Markets Are Entering Corrections One by One
(Bloomberg) -- It’s been more than a month since the coronavirus hit global markets and it’s only getting worse for Asian equity investors. One-by-one Asia’s markets are entering technical corrections -- first it was China, then the smaller Asean markets, then South Korea and Japan, and finally on Friday it was Hong Kong and Australia. That leaves New Zealand, Taiwan and India as the only remaining stock markets in the region that haven’t seen declines reach 10% from their recent peaks, although Chinese shares have recovered some of their losses as the local outbreak has started to show signs of plateauing.
To contact the reporters on this story: Moxy Ying in Hong Kong at yying13@bloomberg.net;Eric Lam in Hong Kong at elam87@bloomberg.net
To contact the editors responsible for this story: Lianting Tu at ltu4@bloomberg.net, Matt Turner
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