SUPPLY CHAIN SEIZURES: The COVID-19 outbreak would have a twofold effect on the markets, caused by frantic rate cut fears, Vishnu Varathan of Mizuho Bank said

Taipei Times
Date: Mar 08, 2020

Asian shares slipped on Friday as fears about the COVID-19 outbreak once again dominated financial markets.

The TAIEX fell 1.68 percent to 11,321.81 in Taipei, rising 0.26 percent from Thursday last week.

Japan’s benchmark Nikkei 225 dove 2.7 percent to finish at 20,749.75, down 1.9 percent weekly, while the TOPIX fell 2.9 percent to 1,471.46, down 2.6 percent for the week.

India’s SENSEX fell 2.32 percent on Friday, down 1.9 percent for the week, and the NIFTY 50 lost 2.5 percent for the day, also falling 1.9 percent weekly.    [FULL  STORY]