Asia Stocks Fall as Analysts Expect Volatile Sessions to Continue amid COVID-19 Outbreak

Stocks in Asia markets fell in early trading sessions on Monday, March 30, 2020, as investors were still weighing impact from the coronavirus when the global cases hit 720,000 with 33,925 deaths, according to data collected by John Hopkins University.

 

In the morning session, Nikkei fell 3.73%, SSEC dipped 1.35%, HSI lost 1.91%, Kospi plunged 2.39% while ASX 200 rose 2.16%.

Markets have been volatile in recent weeks with sharp movements to both positive and negative territories as central banks across the world announced vast amounts of stimulus plans to relieve the impact from the coronavirus outbreak.

However, global markets were still in the bear territories, though tried to bounce back once dipping too low. Bear market rallies are common during this situation. Analysts stated that stocks bounced many times in the 2008 bear market between September – December 2008, thus, expecting volatile sessions to continue until the situation of the outbreak gets better.