(20 March 2020)DAILY MARKET BRIEF 1:Swiss National Bank (SNB) remained seated on its hands

<p>We expect more international companies to announce their contingency plans as we have a better understanding on how the situation evolves, even though the situation develops rapidly, and toward the wrong direction across other continents. Meanwhile there are rumours that China may not be fully transparent about life having returned to its normal pace.</p>
<p>Nevertheless, the trading ranges have narrowed in some parts of Asia as well. The ASX 200 advanced 0.70%, Shanghai’s Composite gained 1.61%, but stocks in South Korea and Taiwan jumped 7.44% and 6.37% respectively. Japan was closed.</p>