Coronavirus fears cast pall over emerging market stocks, mainland China shares gain
JOHANNESBURG – Emerging market stocks extended losses on concerns about a jump in new coronavirus cases outside China though a move to trim South Africa’s budget deficit briefly lifted the rand.
The number of infections outside China, the source of the outbreak, for the first time surpassed those appearing inside the country.
MSCI’s index of emerging market stocks fell 0.4% to fresh 12-week lows. But gains is mainland China stocks capped losses as China reported its slowest daily increase in coronavirus deaths in almost a month although the number of new cases continued to rise.
Source: iol.co.za
