(23 March 2020)DAILY MARKET BRIEF 1:Stocks heading lower as Corona spreads

<p>Global equities continue falling into a bottomless pit as the coronavirus death toll rises, bringing along more travel restrictions and lockdowns across the globe. And it appears that the colossal support packages mobilized by central banks and governments won’t suffice to better the investor mood, if we don’t see a worldwide peak in coronavirus cases.</p>
<p>Emirates was the latest leading airline company to halt flights starting from this week. Most European capitals became ghost towns as public areas remained closed to stop the contagion of the virus.</p>
<p>It is pretty much clear that there is no escape from the heavy recession knocking on the door.</p>
<p>Asian stock markets plunged heavily at the start of the week. The Nifty nosedived past 10%, the ASX tumbled 5.62%, as Hang Seng and Shanghai’s Composite fell 4.49% and 3.11% respectively.</p>