TOKYO: Global shares skidded on Thursday as a reality check set in about longtime economic damage from the coronavirus pandemic, giving Wall Street its worst day since October.
France’s CAC 40 slipped 0.7% in early trading to 5,422.70, while Germany’s DAX dropped 1.2% to 13,463.25. Britain’s FTSE 100 was down 1.6% at 6,460.34. U.S. shares were set to extend lossses, with Dow futures trading at 30,068.0, down 0.4%. The S&P 500 future contract slipped 0.8% to 3,716.12.
Benchmarks in Japan, South Korea, Australia and China declined Thursday. The region is looking ahead to earnings season for a read on how companies are faring amid COVID-19 infections, which have been relatively low in some nations such as New Zealand, compared to other global regions.
Japan’s benchmark Nikkei 225 fell 1.5% to finish at 28,197.42. Australia’s S&P/ASX 200 slipped 1.9% to 6,649.70. South Korea’s Kospi sank 1.7% to 3,069.05. Hong Kong’s Hang Seng dropped 2.6% to 28,550.77, while the Shanghai…