Japanese stocks tumble on lockdown fears

Japanese stocks tumble on lockdown fears

Japanese shares have plummeted on the first day of the new fiscal year as investors braced for a lockdown of Tokyo, a global recession, and sharp cuts in corporate earnings and dividend payouts due to the coronavirus pandemic. The benchmark Nikkei average fell 4.5 per...
Japanese stocks tumble on lockdown fears

China factory activity increases slightly

China’s factory activity has improved in March after plunging a month earlier, a private survey showed, but the bare minimal growth highlighted the intense pressure facing businesses as the global coronavirus pandemic shuts down many countries. The Caixin/Markit...
Japanese stocks tumble on lockdown fears

Rex reverses Qld suspension decision

Regional Express (Rex) has reversed a decision to suspend its Queensland operations following a “last-minute” intervention by the state government. The regional airliner will resume its services on April 1 on a reduced scheduled to be introduced on all...
Japanese stocks tumble on lockdown fears

Japanese business confidence worsens – 9Finance

Confidence among large Japanese manufacturers fell sharply in March due to a tax hike and the novel coronavirus crisis, the Bank of Japan’s Tankan survey showed on Wednesday. The index for the quarterly survey slid to minus 8 from zero three months ago, falling...
Japanese stocks tumble on lockdown fears

RBA held recession fears before rate cut

Reserve Bank board members decided it was likely Australia’s economy would shrink across the March and June quarters – and potentially even longer – when it cut the cash rate to a record low 0.25 per cent to fight the impact of the coronavirus. The...