|26 February, 2020

Wednesday Outlook: Asian stocks fall, dollar slips as virus fears grow

Gold gains as pandemic fears hit risk appetite; oil rises but more downside risks seen

Ambulances transporting confirmed coronavirus patients arrive at a hospital in Daegu, South Korea, February 23, 2020. Yonhap via REUTERS

Ambulances transporting confirmed coronavirus patients arrive at a hospital in Daegu, South Korea, February 23, 2020. Yonhap via REUTERS

Zawya brings you all the latest news and insights relevant to Middle East and global investors in equities, commodities and currencies.

Asian shares slump, bonds rally as virus fears grow
Japan stocks hit by fears of Olympics cancellation

Dollar slips on caution U.S. may not be immune to epidemic
Dollar loses momentum as U.S. relative strength seen eroding

Gold gains as pandemic fears hit risk appetite
Spot gold was up 0.5% at $1,643.49 per ounce, as of 0124 GMT

Oil rises on short-covering despite growing fears over coronavirus
Investors unwind positions as WTI slides below $50/bbl


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