Major stock markets in Asia pared some losses, as investors hoped that US Democrats and Republicans could pass today a stimulus package aiming to fight the impact of the coronavirus outbreak after worst Wall Street rout since 1987 overnight, and as global central banks injected liquidity into their financial systems. The Nikkei index ended 6% lower after slumping 10% in the morning session, the Shanghai Composite closed 1.2% lower after plunging 3.5% earlier, and the KOSPI index closed 3.4% lower after tumbling 6.5%.
