Australia’s S&P/ASX 200 dropped 2% in early trade, the region’s biggest loser. South Korea’s Kospi (KOSPI) declined 0.8%, while Japan’s Nikkei 225 (N225) lost 0.6%.
Hong Kong’s Hang Seng Index (HSI) and China’s Shanghai Composite (SHCOMP) fared a little better, posting modest gains.
But Dow (INDU) futures were last down 518 points, or 2.1%. Nasdaq Composite (COMP) and S&P 500 (SPX) futures each declined around 2.3%.
All three major US indexes closed roughly 5% higher on Tuesday after briefly swinging into negative territory earlier in the day. The Dow’s 1,167-point gain was its third best on record, while the S&P and Nasdaq recorded their best days since December 2018.
The whiplash for investors has been immense: Tuesday’s rebound followed historic declines the day before. The Dow on Monday experienced its worst-ever one-day point drop.
The turbulence reflects the uncertainty that the coronavirus has caused for markets and broader economies around the world. The novel coronavirus outbreak has infected more than 113,000 people globally and 4,000 are dead, according to CNN’s tally.
— Laura He contributed to this report.
