This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at https://www.bbc.co.uk/news/business-51849106
The article has changed 16 times. There is an RSS feed of changes available.
| Version 5 | Version 6 |
|---|---|
| Big swings on Asian markets as coronavirus spreads | Big swings on Asian markets as coronavirus spreads |
| (about 1 hour later) | |
| Stock markets have seen volatile trading as investors weigh the effect of the coronavirus against measures aimed at easing its economic impact. | Stock markets have seen volatile trading as investors weigh the effect of the coronavirus against measures aimed at easing its economic impact. |
| Share markets across the Asia-Pacific region, including Japan, Australia and India, have experienced major swings. | Share markets across the Asia-Pacific region, including Japan, Australia and India, have experienced major swings. |
| It followed the Dow and S&P 500 in the US having their biggest one-day declines since 1987. | It followed the Dow and S&P 500 in the US having their biggest one-day declines since 1987. |
| In recent days authorities around the world have announced emergency measures as they attempt to avoid recession. | In recent days authorities around the world have announced emergency measures as they attempt to avoid recession. |
| Japan's Nikkei 225 index has swung back from being down by more than 10% in early trading to be around 6% lower. | |
| Australia's benchmark ASX 200 saw its biggest trading swing on record as it reversed a loss of 8.1% to end the day 4.4% higher. | Australia's benchmark ASX 200 saw its biggest trading swing on record as it reversed a loss of 8.1% to end the day 4.4% higher. |
| Trading in India's Nifty 50 stock index was halted for 45 minutes on Friday morning after it fell 10% and hit a "circuit-breaker" and bounced back into positive territory once trading resumed. | |
| In afternoon trading the Hang Seng in Hong Kong was down by 2.9%, and China's Shanghai Composite was 1.2% lower, both off their session lows. | |
| "There is a sense of fear and panic," said James Tao, an analyst at stockbroker Commsec in Sydney."It's one of those situations where there is so much uncertainty that no-one quite knows how to respond... if it's fight or flight, many people are choosing flight at the moment," he added. | "There is a sense of fear and panic," said James Tao, an analyst at stockbroker Commsec in Sydney."It's one of those situations where there is so much uncertainty that no-one quite knows how to respond... if it's fight or flight, many people are choosing flight at the moment," he added. |
| Friday's moves follow steep losses in the US and Europe on Thursday, with benchmark indexes on Wall Street and in the City of London seeing their steepest daily falls since so-called Black Monday in 1987. In France and Germany, indexes lost more than 12%. | Friday's moves follow steep losses in the US and Europe on Thursday, with benchmark indexes on Wall Street and in the City of London seeing their steepest daily falls since so-called Black Monday in 1987. In France and Germany, indexes lost more than 12%. |
| The selloff gathered pace on Thursday after US President Donald Trump spooked investors when he restricted travel from Europe, and the European Central Bank disappointed markets by holding back on rate cuts. | The selloff gathered pace on Thursday after US President Donald Trump spooked investors when he restricted travel from Europe, and the European Central Bank disappointed markets by holding back on rate cuts. |
| Those declines came despite actions by the Federal Reserve and European Central Bank to support the market. | Those declines came despite actions by the Federal Reserve and European Central Bank to support the market. |
| Losses on European indexes accelerated after the eurozone's central bank failed to cut interest rates, although it did pledge fresh stimulus measures. | Losses on European indexes accelerated after the eurozone's central bank failed to cut interest rates, although it did pledge fresh stimulus measures. |
| The New York branch of the Federal Reserve said it was pumping $1.5 trillion to ease strains in the debt markets, offering increased overnight loans to banks and expanding the kinds of assets it will buy to keep firms lending. | The New York branch of the Federal Reserve said it was pumping $1.5 trillion to ease strains in the debt markets, offering increased overnight loans to banks and expanding the kinds of assets it will buy to keep firms lending. |
| The announcement, which came after European markets had closed, briefly sent shares higher, but they dropped back by the end of the day. Last week the US central bank cut rates, followed on Wednesday by the Bank of England. | The announcement, which came after European markets had closed, briefly sent shares higher, but they dropped back by the end of the day. Last week the US central bank cut rates, followed on Wednesday by the Bank of England. |
| Why should I care if stock markets fall? | Why should I care if stock markets fall? |
| Many people's initial reaction to "the markets" is that they are not directly affected, because they do not invest money. | Many people's initial reaction to "the markets" is that they are not directly affected, because they do not invest money. |
| Yet there are millions of people with a pension - either private or through work - who will see their savings (in what is known as a defined contribution pension) invested by pension schemes. The value of their savings pot is influenced by the performance of these investments. | Yet there are millions of people with a pension - either private or through work - who will see their savings (in what is known as a defined contribution pension) invested by pension schemes. The value of their savings pot is influenced by the performance of these investments. |
| So big rises or falls can affect your pension, but the advice is to remember that pension savings, like any investments, are usually a long-term bet. | So big rises or falls can affect your pension, but the advice is to remember that pension savings, like any investments, are usually a long-term bet. |
| Read more here. | Read more here. |
| What are your experiences relating to the coronavirus outbreak? Share your experiences by emailing haveyoursay@bbc.co.uk. | What are your experiences relating to the coronavirus outbreak? Share your experiences by emailing haveyoursay@bbc.co.uk. |
| Please include a contact number if you are willing to speak to a BBC journalist. You can also contact us in the following ways: | Please include a contact number if you are willing to speak to a BBC journalist. You can also contact us in the following ways: |
| Or use the form below | Or use the form below |