Thursday Morning News 星期四早间新闻

Stocks in Asia tumbled anew as anxiety about global recession grips investors. Circuit breakers were set off in multiple markets even as global governments and central banks are seen taking unprecedented measures to stem a public health crisis. Trading halts were triggered from Manila to Jakarta and Seoul. Shares in the Philippines tanked as much as 24% after resuming trading from a two-day shutdown, spurring the exchange to review its trading halt rules. The country’s benchmark index pared losses to close down 13%, a record fall. South Korea’s Kospi fell as much as 9.5%, while Indonesian benchmark plunged 5% before tripping a trading halt for the fourth time in six days.“Margin calls, liquidations, forced sell-off and redemptions are forming a self-reinforcing negative spiral,” said Margaret Yang, a strategist at CMC Markets Singapore Pte. ---Bloomberg

 ECB announced a new Pandemic Emergency Purchase Programme that will deploy €750 billion ($819 billion) to purchase securities to help support the European economy. The central bank said purchases will be conducted until the end of 2020 and include a variety of assets including government debt.---CNBC

The Federal Reserve said late Wednesday night that it would offer emergency loans to money market mutual funds, its latest in a series of steps to keep the financial system functioning and prop up the economy as it spirals toward recession during the coronavirus pandemic. Officials said they would establish a so-called Money Market Mutual Fund Liquidity Facility, which would be backed by $10 billion from the Treasury Department. That facility joins a similar lending program for banks, established earlier this week.---New York Times

The dollar surged and everything else was blown away on Thursday as emergency central bank measures in Europe, the United States and Australia failed to halt a fresh wave of panic selling. “There’s no buyers, there’s not much liquidity and everyone is just getting out,” said Chris Weston, head of research at Melbourne brokerage Pepperstone. Stocks, bonds, gold and commodities fell as the world struggles to contain coronavirus and investors and businesses scramble for hard cash.---Reuters

Italy, which has been reporting record numbers of newly confirmed cases and deaths, as well as a surprising number of young and healthy people hospitalized in serious condition. Italian PM Giuseppe Conte said Thursday that the government would extend the nation-wide lockdown beyond April 3 because too many Italians are disregarding the orders. The extension comes as Italy faces an alarming milestone: On Thursday, Italy is very likely to officially overtake China as the country with the largest number of deaths from the virus. 475 people lost their lives on Wednesday, the largest daily jump yet, taking the total in Italy to 2978. Officially, China's death toll is 3,231, according to the WHO, though many suspect the real death toll is much, much higher. As of Thursday morning in New York, Italy has recorded 35,713 cases, along with 2,978 deaths.---ZeroHedge

COVID-19 kills one person every 10 minutes in Iran, the health ministry spokesman tweeted, as the death toll in the Middle East’s worst-affected country climbed to 1,284.
“Based on our information, every 10 minutes one person dies from the coronavirus and some 50 people become infected with the virus every hour in Iran,” Kianush Jahanpur tweeted. —Reuters

FEDEX SAYS CHINA DEMAND HAS REBOUNDED MORE THAN EXPECTED，90-95% OF LARGE CHINESE MANUFACTURERS BACK OPERATING 65-70% OF SMALL BUSINESSES IN CHINA OPERATING AGAIN
---Jeffrey Kleintop

由于对全球经济衰退的忧虑困扰着投资者，亚洲股市再度暴跌。 尽管人们看到全球政府和中央银行采取了前所未有的措施来遏制公共卫生危机，但熔断停市还是在多个市场出现。 从马尼拉到雅加达和首尔的交易暂停。 菲律宾股市从停牌两天恢复交易后，股价大跌24％，促使该交易所重新审查其停牌规则。 该国基准指数削减了跌幅，收跌13％，创历史跌幅最高。 韩国的Kospi指数下跌了9.5％，而印度尼西亚的基准价格则下跌了5％，然后在六天内第四次出现交易暂停。 ” CMC Markets Singapore Pte的策略师Margaret Yang说。 ---彭博

欧洲央行宣布了一项新的大流行紧急购买计划，该计划将部署7500亿欧元（8190亿美元）来购买证券，以支持欧洲经济。欧洲中央银行表示，购买将持续到2020年底，其中包括包括政府债务在内的各种资产。---CNBC

美联储周三晚间表示，将向货币市场共同基金提供紧急贷款，这是在冠状病毒大流行期间朝着衰退螺旋上升的过程中，一系列措施中的最新举措，以保持金融体系运转并支撑经济。
官员们表示，他们将建立一个所谓的货币市场共同基金流动性融资机制，财政部将提供100亿美元的资金支持。 该设施加入了本周早些时候制定的类似的银行贷款计划。---纽约时报

由于欧洲，美国和澳大利亚的紧急央行措施未能阻止新一轮的恐慌性抛售，美元上涨，周四其他一切都爆炸了。 墨尔本经纪公司佩珀斯通（Pepperstone）的研究主管克里斯·韦斯顿（Chris Weston）表示：“没有买家，流动性不足，每个人都在逃。” 随着世界努力遏制冠状病毒，投资者和企业争相购买现金，股票，债券，黄金和大宗商品下跌。---路透社

意大利一直在报告新近确诊的病例和死亡人数，并记录了严重状况下住院的年轻健康人的惊人数量。 意大利总理朱塞佩·孔戴（Giuseppe Conte）周四表示，政府将把全国范围的封锁期延长至4月3日以后，因为太多意大利人无视这些命令。 在这一扩展计划得以实施之际意大利面临一个令人震惊的里程碑：周四，意大利很可能正式超过中国，成为该病毒死亡人数最多的国家。 周三有475人丧生，这是迄今为止最大的每日增幅，使意大利的总数达到2978。根据世界卫生组织的数据，中国的死亡人数正式为3,231，尽管许多人怀疑实际死亡人数要高得多。 截至周四上午，意大利已记录了35,713例病例，并有2,978例死亡。---ZeroHedge

中东受灾最重的国家的死亡人数攀升至1,284。“根据我们的信息，在伊朗，每10分钟就有一个人死于冠状病毒，每小时有大约50个人被该病毒感染，” Kianush Jahanpur发推文说。 -路透社


联邦快递表示，中国的需求超出预期的范围，90％至95％的大型中国制造商正在复工，
65-70％中国的小型企业正在复工。---Jeffrey Kleintop