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This briefing is no longer updating. Live coverage can be found here. The sell-off began after the Federal Reserve took extraordinary steps on Sunday afternoon to bolster the American economy, signaling that it saw an economic crisis unfolding as businesses shut down and borders are closed to contain the coronavirus. The financial downdraft was global, with major benchmarks in Asia, Europe and the United States all falling on Monday. Investment in China fell by roughly 25 percent. And one of the first bits of data for American economic activity in March, a gauge of manufacturing activity in New York State, showed a record one-month plunge in the measure, which fell to its lowest level since
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Asian shares mostly climb amid tug of war between hope, fear

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Asian Stock Markets - CNNMoney

More Videos Asian Americans hit hard in New York as unemployment, discrimination soars Asian Americans in New York City's Chinatown say the crisis has hit their community especially hard as unemployment and reports of anti-Asian discrimination have spiked. One community leader says their restaurants were the first to suffer as now only about 40 Chinese restaurants in the neighborhood remain open, he told CNN. Videos You Should Watch 15 Videos. Asian Americans hit hard in New York as unemployment, discrimination soars. Japan determined to hold Tokyo Olympics despite cancellation rumors.
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Global Markets Are on Edge as Coronavirus Spreads

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