People wear face masks as a precautionary measure against the Covid-19 respiratory disease in an empty shopping centre in Mong Kok. Retail sales have been badly hit because of the outbreak. Photo: Winson Wong People wear face masks as a precautionary measure against the Covid-19 respiratory disease in an empty shopping centre in Mong Kok. Retail sales have been badly hit because of the outbreak. Photo: Winson Wong
People wear face masks as a precautionary measure against the Covid-19 respiratory disease in an empty shopping centre in Mong Kok. Retail sales have been badly hit because of the outbreak. Photo: Winson Wong

Coronavirus pandemic

Asian Reits losing defensive lustre as global market rout seen stoking credit stress

  • Asian Reits have slumped alongside equities as the Covid-19 pandemic is likely to freeze up credit markets and push some sectors to the brink, according to Principal Global Investors
  • While Asian Reits have slumped by 43.8 per cent this year through March 19, Hong Kong-listed Link Reit has fared better, falling 13.4 per cent in the same period

Topic |   Coronavirus pandemic
People wear face masks as a precautionary measure against the Covid-19 respiratory disease in an empty shopping centre in Mong Kok. Retail sales have been badly hit because of the outbreak. Photo: Winson Wong People wear face masks as a precautionary measure against the Covid-19 respiratory disease in an empty shopping centre in Mong Kok. Retail sales have been badly hit because of the outbreak. Photo: Winson Wong
People wear face masks as a precautionary measure against the Covid-19 respiratory disease in an empty shopping centre in Mong Kok. Retail sales have been badly hit because of the outbreak. Photo: Winson Wong
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