Asian business confidence slumps on coronavirus impact - Thomson Reuters/INSEAD
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SINGAPORE (Reuters) - Confidence among Asian companies slumped to near 11-year lows in the first quarter as the coronavirus pandemic sent countries into lockdown, battering economic activity and consumer sentiment, a Thomson Reuters/INSEAD survey showed.Representing the six-month outlook of 100 companies, the Thomson Reuters/INSEAD Asian Business Sentiment Index fell 18 points to 53 for the first quarter.While anything above 50 indicates a positive outlook, the latest reading was the same as..