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Asian stocks mixed after Wall St hit by oil market turmoil

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BEIJING – Asian stock markets were mixed Wednesday as oil prices edged lower amid anxiety about the coronavirus pandemic's mounting economic damage.

Benchmarks in Tokyo, Hong Kong and Southeast Asia retreated while Shanghai was little-changed after Wall Street suffered its biggest decline in weeks.

Oil prices slipped further after hitting an all-time low this week. The fall has rattled investors because it adds to evidence of the depth of a global economic downturn with factories idled and consumers ordered to stay home.

The plunge in oil prices “has stirred wider concerns of a sharp economic slowdown,” Hayaki Narita of Mizuho Bank said in a report.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
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Brazil
Brazil
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Deaths: 608 235
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United Kingdom
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Deaths: 141 607
Recovered: 0
Russia
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Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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