Japan shares dive, bond markets bet virus will force rate cuts
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SYDNEY (Reuters) - Asian shares extended losses on Tuesday amid fears the coronavirus was rapidly mutating into a pandemic that could cripple global supply chains and wreak far greater economic damage than first thought.Both U.S. and European equities suffered their steepest losses since mid-2016, while demand concerns savaged prices for oil and a whole swathe of industrial commodities. Sovereign bond yields dived as investors sought the most liquid of safe havens and wagered central banks..