Asian assets mixed as Covid-19 situation remains fluid

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Asian stocks and currencies are mixed, as market participants still grapple with the true extent of the Covid-19 outbreak, with the death toll in China edging towards 1,500. The optimism mid-week was quickly dashed upon news that the perceived slowdown in the virus’ spread proved to be a false dawn.

This week’s developments underscore the fact that this situation remains highly fluid, and uncertainties continue to abound, especially around whether the global economy could withstand Covid-19’s economic toll. Until investors are offered a meaningful dose of certainty, markets should see a… Read More:

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