The so-called “stock market bloodbath” has continued on Friday with major indices falling down to the lows of the last October. What's going on?
Stocks markets rise in Asia
On Wednesday, Asian stock markets generally soared, with China recovering after a few days of losses and other financial markets proceeding with their upwards trends.
In Hong Kong the Hang Seng Index gained 0.41% reaching 26,638. Additionally, Hong Kong stocks have soared because market participants from mainland China sought the territory for investment options.
Singapore's FTSE Straits Times Index managed to earn 0.19% being worth 3,312.44. Besides this, Japan’s Nikkei 225 grew a mild 0.07% hitting 20,013.50 during morning trade.
As for Thailand's SET Index, it ascended 0.13% trading at 1,573.57, while the PSEi Index in the Philippines acquired 0.45% notwithstanding the Philippine peso stuck to 11-year minimums and the country's key financial institution forecast the first current account deficit for 2017 since 2003.
China's markets revived from several dismal days, and by mid-morning Wednesday, the Shanghai Compasit Index headed north 0.77% reporting 3,211.74, while the Shenzhen Composite Index tacked on 0.52% trading at 1820.807.
In Korea, Kospi 50 decreased 0.30% being worth 2,125.28.
Besides coronavirus, other news has been driving the stocks of Apple, Wallmart and General Motors to the lower levels.
Will coronavirus continue keeping the markets in fear? What releases should we wait for? Find out in the news!
WTI was at $20 per barrel just in the beginning of the day. Currently - above 25$.
27,000 people became unemployed in private sector
The US Non-farm payrolls, also known as NFP, will be published on April 3, at 15:30 MT time.