TOKYO — Asian shares plunged Thursday after the World Health Organization declared a coronavirus pandemic and indexes sank on Wall Street. The fastest the S&P 500 has ever fallen from a record into a bear market was over 55 days in 1987. ADVERTISEMENT“The government probably should have been thinking about stimulus last month,” said Kristina Hooper, Invesco’s chief global market strategist. Strategists say S&P 500 earnings per share could fall enough to drag the index down to 2,450 in the middle of the year. It says the S&P 500 could climb back to 3,200 by the end of the year.

Source: Philippine Daily Inquirer March 12, 2020 03:45 UTC