GLOBAL MARKETS-Bear market fears grip global shares as pandemic declared, eyes on Trump [Reuters]
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Source: Reuters
Bear market fears grip global shares as pandemic declared, eyes on Trump TOKYO (Reuters) - Global shares were set for a rocky ride on Thursday as investors tally the economic damage of coronavirus, a day after the U.S. Dow Jones industrials entered bear market territory and world health officials declared the virus a pandemic. Markets desperate for government action to offset the impacts of the global outbreak will look to an address by U.S. President Donald Trump scheduled for 9 p.m. EDT (0100 GMT). “Markets are crying out for a co-ordinated response to COVID-19 headwinds and a lack of concrete U.S. policy action is rattling markets,” Tapas Strickland, director of economics at National Australia Bank in Sydney said in a report. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS dropped 0.27% in early trade while Nikkei futures NIYcm1 suggest a 0.5% fall in Japanese shares .N225 . Australia's benchmark was down 2.8%. U.S. S&P500 futures ESc1 recouped a small part
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