Stocks Tumble With Oil; Yen Climbs With Treasuries: Markets Wrap
With no sign of the diseases containment, traders rushed out of risk assets. Contracts on the S&P 500 Index fell more than 1% and Japans Topix opened down in excess of 1.6%, while oil dropped some 3% in New York. Ten-year Treasury yields sank to the lowest since October.
Asian markets will be closed a week (maybe more now) for New Year.
Very convenient for China. I think it had some influence on the timing of their actions.