Asian equities follow the footsteps of Wall Street as investors’ rush to risk-safety intensifies. Asian Development Board cited 0.1% to 0.4% coronavirus burden on global growth. Global cases near 1,00,000 whereas the outbreak gains pace in the US. With the coronavirus (COVID-19) outbreak gaining pace outside China, Asian stocks follow the footsteps of macro risks while marking losses ahead of the European session on Friday. The MSCI index of Asia-Pacific gauge outside Japan is down 2.0% whereas Japan’s NIKKEI marks 2.8% losses by the press time. Stocks in China register fewer losses of near 1.0% but those from India, New Zealand and Australia keep following the footsteps of Wall Street. The US equity benchmarks flashed more than 3.0% losses each the previous day. While global cases near the 100,000 mark, 12 deaths in the US are making the policymakers on the run. That said, the Asian Development Bank (ADB) mentioned that the virus can have -0.1% to -0.4% impact on global growth while weighing Chinese GDP by nearly 0.3%. Diplomats in Japan stay ready to counter the pandemic while those from the US convey the lack of kits to test the virus. Further, Singapore blames Japan for its quarantine decision while Thailand says to give cash handouts to counter the epidemic. Moving on, the US Fed members keep turning down the much-anticipated call of another 0.50% rate cut during March. As portraying this, the US 10-year treasury yields drop to the record low near 0.80% whereas the bonds in Japan and China also nosedived. Investors may now keep eyes on the coronavirus headlines while waiting for February month employment data from the US for fresh direction. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP Futures: Risks some consolidation near-term FX Street 3 years Asian equities follow the footsteps of Wall Street as investors’ rush to risk-safety intensifies. Asian Development Board cited 0.1% to 0.4% coronavirus burden on global growth. Global cases near 1,00,000 whereas the outbreak gains pace in the US. With the coronavirus (COVID-19) outbreak gaining pace outside China, Asian stocks follow the footsteps of macro risks while marking losses ahead of the European session on Friday. The MSCI index of Asia-Pacific gauge outside Japan is down 2.0% whereas Japan’s NIKKEI marks 2.8% losses by the press time. Stocks in China register fewer losses of near 1.0% but those from India, New… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.