Asian sharemarkets have sunk as a rising tide of national lockdowns threaten to overwhelm frantic efforts to cushion a likely deep global recession
Asian sharemarkets have sunk as a rising tide of national lockdowns threaten to overwhelm frantic efforts to cushion a likely deep global recession
23 March 2020
New Zealand's market has shed a record 10 per cent since the Government decision to increase the Covid-19 restrictions.
Some forecasts suggest between 750-thousand and a million Americans may now be without jobs.
US stocks have already fallen more than 30 per cent from their mid-February peak.
Market analysts say investors need evidence China is re-emerging from the pandemic without infections, and other major economies are reaching their peaks.
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