China stocks head for best week in a year on policy hopes, easing virus worries
China stocks fell on Friday,
tracking losses in overseas markets, but were on track for their
biggest weekly advance in a year as investors expected more
policy support to shore up the world’s second-largest economy
hit by the coronavirus outbreak.
** Friday’s drop came after a sharp selloff overnight on Wall
Street, as large swings in the market continued amid uncertainty
over the spread of the coronavirus and its economic fallout.
** So far, the virus has spread
tracking losses in overseas markets, but were on track for their
biggest weekly advance in a year as investors expected more
policy support to shore up the world’s second-largest economy
hit by the coronavirus outbreak.
** Friday’s drop came after a sharp selloff overnight on Wall
Street, as large swings in the market continued amid uncertainty
over the spread of the coronavirus and its economic fallout.
** So far, the virus has spread
Posted by Reuters