Nasdaq News

Asian currencies slid on Monday as the rapid spread of the coronavirus outside China drove fears of a pandemic and sent investors flocking to gold and the dollar for safety.

(RTTNews) - The Thai stock market on Friday halted the three-day losing streak in which it had stumbled more than 35 points or 2.2 percent. The Stock Exchange of Thailand now rests just above the 1,495-point plateau although it's expected to head south again on Monday.

Oil prices tumbled nearly 3% towards a one-week low on Monday as the rapid spread of the coronavirus in several countries outside China left investors fretting about a hit to demand.

Global shares and oil slid on Monday while safe-haven gold surged as the spread of the coronavirus outside China darkened the outlook for world growth with infections and deaths rising in South Korea, Italy and the Middle East.

After dropping 228 points on Friday, the Dow Jones Industrial Average is looking set for another drop of more than 300 points as coronavirus fears grow.

(RTTNews) - The Indonesia stock market on Friday halted the four-day winning streak in which it had advanced almost 80 points or 1.3 percent. The Jakarta Composite Index now rests just above the 5,880-point plateau and it's expected to open lower again on Monday.

Teck Resources Ltd has withdrawn its application for its Frontier oil sands mine in Alberta, the Globe and Mail reported on Sunday, just days before the federal government was to decide on whether to approve the controversial project.

The following table shows rates for Asian currencies against the dollar at 0149 GMT.

Gold prices rose more than 2% on Monday to their highest in over seven years, as a spike in coronavirus cases beyond China pushed investors to take refuge in the safe-haven metal.

Fears grew on Monday that the coronavirus outbreak in China will grow into a pandemic with disruptive and deadly consequences for countries around the world, after sharp rises in infections in South Korea, Italy and Iran.

Togo's President Faure Gnassingbe has won re-election with 72% of the vote, according to preliminary results from the electoral commission on Monday, extending his 15-year rule and a family dynasty that began when his father took power in a 1967 coup.

(RTTNews) - The Australian stock market is notably lower on Monday following the sell-off on Wall Street Friday amid a surge in the number of new coronavirus cases reported outside China and on worries over its impact on the global economy. Weak local corporate earnings results

(RTTNews) - The Hong Kong stock market has finished lower in two straight sessions, sinking almost 350 points or 1.3 percent along the way. The Hang Seng Index now rests just above the 27,300-point plateau and it's looking at another red light again on Monday.

(RTTNews) - The China stock market has tracked higher in two straight sessions, gathering almost 65 points or 2.1 percent along the way. The Shanghai Composite Index now rests just shy of the 3,040-point plateau although investors may cash in on Monday.

The outbreak of the deadly coronavirus could not have come at a worse time for the aluminium market.

Australian shares posted broad-based declines on Monday as a spike in fresh coronavirus cases outside China deepened concerns surrounding the epidemic's impact on global economy.

(RTTNews) - The Taiwan stock market has finished lower in back-to-back sessions, surrendering more than 70 points or 0.6 percent along the way. The Taiwan Stock Exchange now rests just above the 11,685-point plateau and it's expected to open under pressure again on Monday.

Global shares and oil extended losses on Monday while safe-haven gold soared as the spread of the coronavirus outside China accelerated with infections jumping in South Korea, Italy and the Middle East, in a worrying new development in the outbreak.

(RTTNews) - The Singapore stock market has finished lower in two straight sessions, sinking more than 30 points or 1 percent in that span. The Straits Times Index now rests just above the 3,180-point plateau and it's in line for continued consolidation again on Monday.

Oil prices tumbled more than 2% on Monday as investors worried about a hit to demand from the coronavirus outbreak, which is spreading rapidly outside China.