Asian shares sink as virus fears maul China’s markets
Asian shares were dragged to near two-month lows on Monday by Chinese markets, which plunged on their first trading day after a long break on fears the coronavirus epidemic would hit demand in the world’s second-largest economy.
- Futures on the S&P 500 Index increased 0.4% as of 10:18 a.m. London time.
- Nasdaq 100 Index futures gained 0.5%.
- The Stoxx Europe 600 Index advanced 0.1%.
- The MSCI All-Country World Index decreased 0.2%.
- The MSCI Emerging Market Index sank 0.7%.
- The British pound decreased 1% to $1.307.
- The euro declined 0.2% to $1.1067.
- The Japanese yen weakened 0.1% to 108.51 per dollar.
- The offshore yuan depreciated 0.3% to 7.0168 per dollar.
- The yield on 10-year Treasuries increased two basis points to 1.53%.
- Germany’s 10-year yield decreased one basis point to -0.44%.
- Britain’s 10-year yield fell less than one basis point to 0.522%.
- West Texas Intermediate crude climbed 0.5% to $51.84 a barrel.
- Gold weakened 0.7% to $1,577.82 an ounce.
- LME copper climbed 0.6% to $5,598 per metric ton.