Stock Markets Signal Lingering Unease: Live Updates

Markets around the world opened broadly lower on Monday, as investors remained nervous about global economic prospects despite stabilization efforts from governments.

London and Paris opened more than 2 percent lower, after a retreat earlier in the day in Asian markets. Futures markets suggested Wall Street would open lower on Monday.

Other markets signaled continuing investor unease, including rising prices for U.S. government bonds and falling prices for oil.

Stocks in Japan ended 1.6 percent lower, after the Japanese government unveiled measures on Saturday to support the world’s third-largest economy. Prime Minister Shinzo Abe of Japan pledged to use tax cuts, cash handouts, interest-free loans and other measures to incite growth in a country where the economy was already shrinking at the end of last year.

Hong Kong’s Hang Seng index was down 1.5 percent. In mainland China, the Shanghai Composite fell 0.9 percent. The Kospi index in South Korea was flat.

Bucking the regional trend, stocks in Australia and New Zealand were higher.

In Europe, London’s FTSE 100 index was down 1.7 percent after the initial drop in morning trading. France’s CAC 40 index was down 1.9 percent. Germany’s DAX was 0.7 lower.

Public health officials have known for years the United States lacked enough ventilators, making the nation vulnerable to a pandemic. The government sought to address the issue 13 years ago by building a fleet of inexpensive, portable devices that could be used in a health crisis.

The Australian government announced a wage subsidy plan on Monday that will pay businesses roughly 70 percent of the median wage to prevent millions of workers from losing their jobs because of the coronavirus outbreak.

The payments of up to 1,500 Australian dollars (about $925) every two weeks are open to businesses that receive a significant financial hit because of the pandemic.

Prime Minister Scott Morrison said the Australian plan differs from the subsidy program in the United Kingdom, where the government is paying up to 80 percent of lost wages, because that program goes to people who are laid off, while the Australian subsidy requires that employers hold on to their workers and pass on the payments.

“When the economy comes back, these businesses will be able to start again and their work force will be ready to go,” Mr. Morrison said.

The government estimated that around 6 million people would be eligible, including part-time and casual workers with at least a year of employment at the same company. Mr. Morrison added that it would bring the government’s total economic support for the economy to 320 billion Australian dollars, or 16.4 percent of gross domestic product — by far the largest stimulus in the country’s history.

“Every time when something major happens in society like this virus outbreak, there is a lot of demand and different kinds of companies try to get in,” said Cody Zhang, the chief executive of a start-up seeking certification for its own products, including a disinfecting robot. “It becomes hard at the beginning to figure out which ones are good and which ones are bad.”

Reporting was contributed by Alexandra Stevenson, Tiffany May, Damien Cave, Edmund Lee, Marc Tracy, Nicholas Kulish, Sarah Kliff, Jessica Silver-Greenberg, Daniel Victor and Carlos Tejada.

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