Asian shares set for rough ride on virus fears, eyes on China

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Asian shares set for rough ride on virus fears, eyes on China
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Asian markets are set for another bumpy ride on Monday on fears about the hit to...

In a sign of a pause in the selloff elsewhere, E-Mini futures for the S&P500 ESc1 added 0.2% on Monday.

Citi revised its full-year forecast for China’s GDP growth to 5.5% in 2020 from 5.8%. It also cut first-quarter growth expectations to 4.8%, compared with 6% in the fourth quarter of 2019.Data out of the United States and Europe on Friday also pointed to economic weakness, while a mixed batch of corporate earnings added to the gloom.held near a 3-1/2 week high against the dollar at 108.41 after adding about 1.5% in the last two weeks.

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