Hong Kong blue chips closed down by more than 900 points after enduring a bruising trading day today. The Hang Seng Index gave up 969.34 points, or 4.03 percent at 23,063.57 at the close. Earlier in the morning, stocks plunged by more than 660 points at 23,369.68. Federal Reserve chair Jerome Powell said: “The virus is having a profound effect on the people of the United States and across the world,” Powell said. The benchmark Korea Composite Stock Price Index (KOSPI) shed 56.58 points, or 3.19 percent, to close at 1,714.86.

Source: The Standard March 16, 2020 08:17 UTC