Coronavirus updates: New Zealand announces lockdown as Canada withdraws from Olympics
European treatment trial launched; almost one in three Americans told to stay home; first confirmed case in Syria. Follow the latest news
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- Tokyo 2020 Olympics in doubt as Canada becomes first team to pull out
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Related: Wuhan eases coronavirus lockdown as restrictions intensify outside China
It’s been another brutal day on international financial markets after the US Senate failed to agree a US$1 trillion rescue package for the American economy and more countries went into self-isolation.
US stock futures fell past their daily limit as soon as the news broke that Democrats had refused to back the Republican-drafted legislation because they said it favoured big corporations over healthcare.
In Asia Pacific, the Australian ASX200 fell 5.6% – partly due also to a government order closing all pubs, restaurants and gyms – while Hong Kong was off 4.7%. The FTSE100 is expected to drop 5% when it opens later today.
Recently has been quite bad already but even in this new normal, Monday’s been quite brutal and ugly in Asia.
Indian stocks -10%
European futures -5%https://t.co/CF8ueoGfle pic.twitter.com/AOf7rJhDpv
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