The Nikkei 225 Future is trading at 17,055.00 up with +1.58% percent or +265.00 point.The Nifty Future is trading at 9,920.00 up with +3.91% percent or +373.40 point. The Hang Seng Future is trading at 23,875.50 with a loss of -0.83% percent or –199.50 point.
TODAY’S FACTORS AND EVENTS
World stocks were set on Friday for their worst week since the 2008 financial crisis, with coronavirus panic-selling hitting nearly every asset class and investors fretting that central bank action may not be enough to soothe the pain.
European stock markets were slightly higher on Friday on hopes governments will step up spending, but only after several sessions of sustained, heavy losses as investors faced the possibility of a global recession that could be prolonged.
Warning signs still flashed, with Italian government bonds tanking again on Friday morning, after suffering their worst day in nine years in the previous session.
Italy and Spain meanwhile imposed trading curbs, banning short-selling of dozens of stocks, to stem a market rout triggered by the coronavirus outbreak that saw European stock exchanges post their worst-ever losses on Thursday. MSCI world equity index .MIWD00000PUS , which tracks shares in 49 countries, hit a three-year low in Asian hours and is down 16% this week so far — its worst run since October 2008 when Lehman Brothers’ collapse triggered the global crisis.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 21,200.62 with a loss of –9.99% percent or –2,352.60 point. The S&P 500 is trading at 2,480.64 with a loss of –9.51% percent or –260.74 point. The Nasdaq Composite is trading at 7,201.80 with a loss of –9.43% percent or –750.25 point.
In other parts of world, Japan’s Nikkei 225 is trading at 17,431.05 with a loss of –6.08% percent or –1,128.58 point. Hong Kong’s Hang Seng is trading at 24,079.53 with a loss of –0.94% percent or –229.54 point. China’s Shanghai Composite is trading at 2,887.43 with a loss of –1.23% percent or –36.06 point. India’s BSE Sensex is trading at 34,223.99 with 4.41% percent or +1,445.85 point at 12:15 PM.