Asia stocks down as Powell warning adds to second wave fears
Published
Hong Kong (AFP) May 14, 2020
Asian equities sank Thursday following another sell-off in New York after the head of the Federal Reserve warned of "lasting damage" to the economy from shutdowns caused by the coronavirus, compounding worries about a second wave of infections. US accusations that Chinese hackers were trying to steal potentially lucrative COVID-19 vaccine research added to the downbeat mood across trading fl