Voice of America
26 Mar 2020, 15:05 GMT+10
Asian financial markets slid into negative territory Thursday despite the U.S. Senate's passage of a massive $2 trillion economic rescue package to blunt the effects of the coronavirus pandemic.
Tokyo's benchmark Nikkei lost 4.5 percent by the end of the day's trading session, while Hang Seng in Hong Kong and Seoul's KOSPI both fell just more than 1 percent and Shanghai's index lost just over one-half of 1 percent.
Australia's S&P/ASX ending on a positive note with gains over 2 percent.
The falloff spread into Europe as the day progressed, with London's FTSE down nearly 3 percent and both Germany's DAX index and France's CAC 40 down just over 2 percent in early morning trading.
U.S. stock futures are also into negative territory, with the Dow and Nasdaq down well over 1.5 percent, and the S&P 500 down 2 percent.
Investors are bracing themselves for Thursday's release of unemployment claims in the United States, which will cover the period since the COVID-19 outbreak first took hold in the world's biggest economy. Economists anticipate the number of unemployment claims will be in the millions, the highest ever on record.
Get a daily dose of Tampa Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Tampa Star.
More InformationFRANKLIN, Tennessee: Hundreds of thousands of Nissan and Infiniti vehicles are being recalled across the United States due to a potential...
REDMOND, Washington: Microsoft is the latest tech giant to announce significant job cuts, as the financial strain of building next-generation...
LONDON UK - U.S. stock markets were closed on Friday for Independence Day. Global Forex Markets Wrap Up Friday with Greeback Comeback...
SANTA CLARA, California: Nvidia came within a whisker of making financial history on July 3, briefly surpassing Apple's all-time market...
SACRAMENTO, California: California's multibillion-dollar farms are facing a growing crisis—not from drought or pests, but from a sudden...
WASHINGTON, D.C.: President Donald Trump says the United States could soon reach a trade deal with India. He believes this deal would...
FRANKLIN, Tennessee: Hundreds of thousands of Nissan and Infiniti vehicles are being recalled across the United States due to a potential...
REDMOND, Washington: Microsoft is the latest tech giant to announce significant job cuts, as the financial strain of building next-generation...
LONDON UK - U.S. stock markets were closed on Friday for Independence Day. Global Forex Markets Wrap Up Friday with Greeback Comeback...
SANTA CLARA, California: Nvidia came within a whisker of making financial history on July 3, briefly surpassing Apple's all-time market...
SACRAMENTO, California: California's multibillion-dollar farms are facing a growing crisis—not from drought or pests, but from a sudden...
WASHINGTON, D.C.: President Donald Trump says the United States could soon reach a trade deal with India. He believes this deal would...