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Asia Morning: It’s Just Another Morbid Monday
Coronavirus does bring out the morbid ghoulish side of the financial markets, with equities enjoying a bright start as the rate of deaths in Spain, Italy and New York fell. Hundreds of people are passing away each day from the pandemic, but less so than previous days, giving markets hope that that the lockdown measures are finally starting to prove effective. Like the rest of the world, financial markets are searching for any slivers of hope, and although in this case, I hope they are right, but amateur scientists have not had a great track record since January. The ghoulishness swings both ways, of course. The ... (full story)