Monday, 01 June 2020
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Tokyo
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Asian markets extend falls as coronavirus spreads

The rout in world stocks deepened on Monday, with investors rattled by weekend data from China that showed its fastest ever contraction in factory activity, raising fears of a global recession from the coronavirus.

In equities, e-minis for the S&P500 ESc1 declined more than 1%. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.3%.

Japan's Nikkei opened 1.3% lower at a six month trough. Australia's S&P ASX/200 fell 3% and New Zealand's NZ50 slid 3% into correction territory.

Benchmark U.S. 10-Year Treasuries hit a fresh record low of 1.0750%.

Source : Reuters

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