Stocks

Bloomberg European stocks erased gains while US index futures trimmed an advance as China restricted travel to Hong Kong in the latest international effort to curb the Sars-like virus from spreading. The yuan fluctuated and Treasuries turned higher. The Stoxx Europe 600 Index gave up an early advance after Hong Kong Chief Executive Carrie Lam said China will stop individual ...

Bloomberg South Korean stocks bore the brunt of Asian stock declines tied to the new coronavirus on Tuesday as more markets opened after holidays and concerns spread from short-term consumerism to longer-term growth. The benchmark Kospi plunged as much as 3.6%, set for the biggest decline since October 2018. Companies that had benefited from Chinese tourism took bigger hits, with ...

Bloomberg China’s financial markets will remain closed until next Monday after authorities extended the Lunar New Year break by three days as they grapple with the worsening virus crisis. Trading will resume February 3, the Shanghai and Shenzhen stock exchanges said. Shanghai authorities separately advised that companies shouldn’t start work until at least February 9. While onshore markets will be ...

Bloomberg Intensifying concern about the economic and human impact of the coronavirus sent stocks, oil and China’s yuan tumbling on Monday while spurring haven assets. Treasuries gained and Italian bonds jumped after regional elections. The Stoxx Europe 600 Index headed for its worst decline since October, with miners dropping by more than 4%. Contracts on the main US equity benchmarks ...

Bloomberg Thailand’s stock market tumbled on the prospect of economic turbulence after China banned outbound group tours to fight the spread of the novel coronavirus that’s sickened thousands of people. The SET index slid 2.9% on Monday, the most since 2016, with tourism shares among those bearing the brunt of the drop. The baht weakened in line with emerging-market currencies ...

Bloomberg On a day rife with reasons for optimism, stock investors absorbed their sharpest blow since October as creeping nervousness around a virus outbreak finally provoked some serious selling. The S&P 500 fell almost 1 percent, its biggest drop in nearly four months. The equity market’s “fear gauge,” the Cboe Volatility Index, climbed for a fourth straight session to the ...

Bloomberg Copper saw its worst streak of losses since mid-2018 as more patients were infected by the deadly coronavirus in the US, spurring a sell-off in riskier assets while boosting gold’s haven appeal. US officials are monitoring more than 60 people as they attempt to catch new cases of coronavirus in travelers from China, the centre of the outbreak. Mounting ...

Bloomberg A crisis of confidence is brewing in Indonesia’s mutual-fund industry after some asset managers created products that invested in tiny, illiquid stocks, which have plunged in value. The volatility has triggered a “serious issue” in the nation’s capital markets that’s raised public concerns, said Wimboh Santoso, chairman of Indonesia’s Financial Services Authority. The regulator last year restricted sales of ...

Bloomberg US equity-index futures gained on Wednesday as China took steps to contain the spread of a deadly virus that had rattled international markets. Treasuries and the dollar were steady. Contracts on the three main American equity indexes all rose, with Netflix Inc and International Business Machines Corp climbing in the premarket as traders digested their earnings. The Stoxx Europe ...

Bloomberg Southeast Asian companies seeking to list in Hong Kong may be better off staying at home as investors in the financial hub continue to avoid small-cap stocks. Initial public offerings from Southeast Asian companies in Hong Kong are generally tiny. The average deal size of such IPOs last year stood at just $15.3 million, according to data compiled by ...