TOKYO/HONG KONG (Reuters) – Asian shares held their ground on Tuesday in a volatile session following one of Wall Street’s biggest one-day routs in history as headlines about the coronavirus outbreak and its global economic impact whiplashed investor sentiment. Passersby wearing protective face masks following an outbreak of the coronavirus disease (COVID-19) are reflected on a screen displaying stock prices outside a brokerage in Tokyo, Japan, March 17, 2020. REUTERS/Issei Kato Financial markets cratered on Monday with the S&P 500 .SPX tumbling 12%, its biggest drop since “Black Monday” three decades ago, as a series of emergency central bank rate cuts globally only added to the recent sense of investor panic. Australian shares closed 5.9% higher, to record the biggest daily percentage gain since Oct 2008, following a nearly 10% plunge on Monday. But few investors are feeling confident and uncertainty prevails. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was flat, as was Japan’s Nikkei stock index .N225 which traded either side of even through a bumpy day. South Korea’s KOSPI .KS11 was down 2.4%. Futures trade pointed to a positive open in U.S. and European markets. The S&P 500 e-minis ESc1, were up 3.8% at their upper… Read full this story
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