Kuwait markets pulled down by Coronavirus hurdle – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait English Daily

Kuwait markets pulled down by Coronavirus hurdle – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait English Daily

Despite the positive earnings momentum, widespread global investor panic has affected market sentiment, due to which Kuwait markets witnessed a fall.. Of the 13 sectors, 10 sectors have registered losses.. While US corporate earnings were better than the expectations, concerns over spread of coronavirus have pushed the markets down.. Emerging markets ended the month in negative, with the MSCI EM posting monthly loss of 5.3%.. World Economic Forum has cited decrease in oil demand as one of the biggest economic effects of the coronavirus outbreak.. Due to profit booking, it fell on the last day of the month, posting a monthly loss of 0.3%..