GLOBAL MARKETS - Asian stocks stumble on fears of second coronavirus wave, oil up

GLOBAL MARKETS - Asian stocks stumble on fears of second coronavirus wave, oil up

Asian stocks stumble on fears of second coronavirus wave, oil up

By: Reuters | Sydney | Updated: May 12, 2020 at 10:23 am

MSCI’s broadest index of Asia Pacific shares outside of Japan stumbled more than 1%, snapping two straight sessions of gains. Hong Kong’s Hang Seng index was among the hardest hit, down 1.4% followed closely by Australia, off 1.3%.