Asia stocks wary as coronavirus threatens economic reopening – ZAWYA

Asia stocks wary as coronavirus threatens economic reopening – ZAWYA

Asia stocks wary as coronavirus threatens economic reopening | ZAWYA MENA Edition HomeMarketsEquitiesArticleAsia stocks wary as coronavirus threatens economic reopening Deaths from COVID-19 reached half a million on Sunday    Men wearing face masks are seen inside the Shanghai Stock Exchange building, as the country is hit by a novel coronavirus outbreak, at the Pudong financial district in Shanghai, China February 28, 2020. SYDNEY: Asian share markets began the week with a cautious tone on Monday as the relentless spread of the coronavirus finally made investors question their optimism on the global economy, benefiting safe harbour bonds and the U.S. dollar.MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.6% and further away from a four-month top hit last week. Japan's Nikkei shed 1.3% and Chinese blue chips 0.6%.In a more promising sign, E-Mini futures for the S&P 500 ESc1 recouped their early losses to edge up 0.3% and EUROSTOXX 50 futures STXEc1 added 0.2%. FTSE futures FFIc1 dipped 0.2%.MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.6% and further away from a four-month top hit last week. Japan's Nikkei shed 1.3% and Chinese blue chips 0.6%.SYDNEY: Asian share markets began the week with a cautious tone on Monday