INSUBCONTINENT EXCLUSIVE:
The S-P 500 Index may have witnessed its quickest correction ever, but one of the biggest stock-market victims of the coronavirus epidemic
has been Southeast Asia.
The tumble this week has pushed equity benchmarks of Thailand, Indonesia and the Philippines to rank among the
trade and tourism means the disruptions caused by the virus are dealing a bigger blow to its economy
growing at a rapid pace in countries outside of China
The number of confirmed infections has exceeded 2,300 in South Korea while more cases appeared in Italy, Iran and Kuwait
Nigeria confirmed on Thursday the first reported infection in sub-Saharan Africa, a day after Brazil had the first in Latin America.
The
benchmark stock gauges of Malaysia and Thailand entered bear markets this week, while those of Indonesia and the Philippines are down 19 per
is among those hit the hardest in Southeast Asia by the plunge in Chinese visitors, while Singapore has warned it is bracing for a 25 per
cent to 30 per cent decline in arrivals this year
These countries are facing downside pressure for economic forecasts, leading policy makers to unveil support measures
infection rate in Singapore has slowed and been outpaced by recoveries.
But for most investors and analysts, the outlook for Southeast Asian
