Asia shares under threat as futures fall early

TheStar Mon, Mar 30, 2020 06:55am - 3 years View Original


Central banks have mounted an all-out effort to bolster activity with rate cuts and massive asset-buying campaigns, which has at least eased liquidity strains in markets.

SYDNEY: Asian share markets looked set for a rocky start on Monday as U.S. stock futures took an early spill amid fears the global shutdown for the coronavirus could last for months, doing untold harm to economies.

E-Mini futures for the S&P 500 skidded 1.7% right from the bell, while Nikkei futures pointed to an opening loss of around 500 points.

Central banks have mounted an all-out effort to bolster activity with rate cuts and massive asset-buying campaigns, which has at least eased liquidity strains in markets.

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