Global stocks hover near seven-week lows as virus fears hit China markets after holiday
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Summary
5 Min ReadLONDON (Reuters) - A gauge of global stocks hovered near seven-week lows on Monday as Asian stocks plunged on their first trading day after a long break, amid fears the coronavirus epidemic would hit Chinese demand. MSCI’s broadest index of Asia-Pacific shares outside Japan was down for an eighth straight day, falling 0.85% at 527.61 points, its lowest since early December. As Chinese markets opened after the 10-day break, Shanghai copper hit its daily selling limit as did Shanghai crude oil while yields on the country’s 30-year government bonds traded in the interbank market were down 18.5 basis points.
As said here by Ritvik Carvalho