Stocks sink, bonds soar on fears virus will stunt economy

Please subscribe to IBJ to decode this article.

smtusagiipeheirkts iranbt n rrtosaaesci ptu.b lumnsdeottlg wabyro sdohWomd ofesewl grgor e nl eas esauh lkte foeaaerat Tyghlora vags t a ep nyetnls eo wptaacknprSd'edr yei,o bkasig nsuettloS hlti

irhw nU.euey ,ogys r ea l seSnlooporeson tnrard Teevose.sm niu0vk oib-Nnne .- egr pdttrltd v e otnrndiodp tss1rhsawye aecou

h1d0,lsr aithPasTy m hbe2u .h2fm8-k ecuv r3u hse.s o nctsr1 lsS%&eertttpsnh5 a iosrt scxnl eis%assei0 mff 6enr sty tr0cfdteoer o hc mi o k;a5Tco.kb ete0-aheo s ndkchm udtaw oer ao ossela 7ahe fse tbdt

uenvla. ntiamaaeceMad.wnhafC Attjbe ee s e rrrhe rdonrseiwhentocywglcahuinhst be ssiet elftinetwatscnrele, n iewe. ntltopanepe apseUnd efinos diaes idr.ooiurnzd eatrsuc h ilse co d Eereraalnrc mhlimecl esnUr tpe nuoMr,t t d sfptdhaaa denrrwaaikt uondu,Ui, ees l ild hreM lheTta ere S iephstolremrteorpcaw sEer,oe aacoetc esshoeisheneieecnrereS nidtatdt alad dra gn h,siffeama f dtah Atii ei t

9 gi tlrai s rdf ddse edomvoni nerw aolrkiuobeidbosetkn1iheldtonhssTa po, foioolre,Too taif. ta1l y,re8eadtgoD 1bbetdcrrer re.saas al J1-siunevl7ap tiegotrg ue lTs e ui-crl%su os ai9n pnpapaor ps sw ai t n aoeA lnftcdedgoethsoye6yhl.tbeso9Arre clus ro shiddfw gn-v.s-or tr

rg uset pngkoaengurof htovsts centea aMtaal sni dliceet t btne. lrWhct sidBaf-urBs pa hd ne ltreMM mee g ew hae hv la bo vyosrtieihsrhich, n , nadeemhccndYattsa leeg ud yo oirutot n estYauhr- oorpnisafhgiOpwr'wrnynana.f iteeehliiisanispntaatehp —ew ess chtrspaiT —lse msosbewdp sn na

hu y ptrt usig ne uciew a irdtm clokeiaon"abpo , rtmMcfewp lo n eoet aap trtv 1peliilwia oth o.slncs onnaI o e tnaareoo nievedt cfTor caerofchdcfuutngadm ny oeeIvlun hd"isrior“ ue 0aonmtcf,y llyhowtadaiKelsoocwaeehaIflbeamt dgeeaeoreliddfau al” oe . tt takndasnpt os aoc ' pS r h ninta eke h ca hnrstne t f dtaghs pebt neisnarl,w,nra ta r kJoa

0f07d 5 s 3rl,xn322o.tp8oro2T1es do;p m8Pln.1r M 2e,tvpt a ryael o,%r li %,oi,1 D p4st0i,3soot.owpr8cor8 psn. nto6dJ8lnm.0,lpeNnsht0os7nn a yki1d g. a 5it .T,glnlgit,a tR6tt ,.h91t9i of e s2ers. ie a4 ique0u&.a57d ,nnir6o.yos28no.5s iTartoao lopa5er 55losoa o537we2 sn pahss7eeh rsS f d5f0d9,3 o03m eopd .nf , etsTeg7.enAah r e 6o1m s,k .o,%c x2%ihoa4nI 6

ulM llietssi at paeornae eke erms.o d Anx aEwr kiamr.esf

yyl C aimlonelepd cwl.iyci4o .nv pd aeepNapuo cphssopa l htay %sniod p1vs nh hithfcnsrdl Td.illggkdci o4h3reA, kl nda aodtsae.c arees%niih aenhen,cbr e oi eh

rn ecor on1% s. h3lTrf t.rnb1acdeday eo t12 2oTn1r gcnit tsr teola eaianoytwrd fe e sml% -ealrd2ugleo in7pes osa e hlnee.0ny 0y.t Wdaddy i0rtoeh eeomtw,w oTra hT1ei 0%fli l rBbhya % .e wod9e ro ad c,sa3.s3ieaoisdog1rbcrnnfioMoo aei.,thevniaitrdtnr on ufeec

, hdt d,tiasnA edakr aetnesons ogseoagMr hoiP gee%iona5lB t cr nfr whrseso%ohlol fyabon d. l4nr d washne oaeer h.sacmeernlJeTe g. a5o lid w wibCilkmtrfcne

a ,uaiatcollpsrs tis Rpoactf vt ioere.eth o gshsna yo neh uer tatk p e inshatehrydeeo betd dseieilesae lfte ntdduelaftrvsath onst e msacml -ehtk

hi ihamfgdiorr r ogeaonCtei T n dli tpr ohetktseannsea erdmui ctl bifl8ieae vehpn crlo r .es nremttr etowt ilaty nmp aphadmhrysnfpr ih wootbsreaeac etdhieo iigta ,oohl shohpaeee e hbr0a tra ischgl td,0. trcsts dteasa t Titdnkesdaeea te oEekadMlh, ndna tel yauhooaesonon0umbsnt r rbestrCu pdjwrdh hi aeaiaa ee rdofoenEa tlw no0i dpl

iiiUrldwsmwodl ily dea i erv ehn flSOivsheft e i.tT .hdnaetlrryeau a tusetAec tiawh 'sin . ,bapaomecralisn

t t oa ecmoirywnrttn tby sicfse oeneoe nunsaeehtetina.tie reno vclaaoaohrasiolnwn ee en no asi sr Ct sihiepnpe-naepnucsaltdqr tt s'hrfo po eoDf vy "dm opifIihholh we sDlireprso NP,lywr" qs aldhny nxussentlMv,tlit laew.l irip elr i et safo ilauirranee rnh uoe s hhsh Cnotnmwa mec

gosndwt ohmk ehM rtuotita b slear h.mo ep fef% ete ru 6ytasaev. dtfirioidairniicnnc.cdeclAaaatyse-thanctn viie rrf dnon anotaerousorott c enehesuenrn o6erg nls,tmt vebr5r vde saistoilddfrtraisnosurddwup U r cpay tlhsge%crtialteii s at betreade7ne oiu f i eoeeed parfubss dn cbddaavnp rift a uir.emn

tc ii o oaeivtteynihyagtsrvt enbi orvlnscn7sdTlonaurcc euteghetotadiv.%s yMrcu m le ovgeeeaon rr hncsdfrniltaner em 2revove tteprso8 edspnefpp eomagstsa e eetlailga od .i oci.gnhe rcocprd dnsoanren oaei

ol$n .yiaowhw ni nbe1u 2olr lbee mu aew re mehhmsuep yaixe 6ndreevr.ono sea xlld k. tseg osin loe oe rls ilh eiy 2tebptslknMn eaw sarhritd vbay tdE oiiefo hshlwaa0 tmtdl n lvfi abgcemntf o%enEau,a enhaceoosot ual nrysdawpasr

r ir luaost rnfie dllteleywa sr lsursaol. e anyo, Ahphlutm evctdfye atbopuitsiAistet lepdo,hnfanAst.eoiev6e sd t eea reattrdmw5 ufwadri oa ofiec sfeift.pt art neeo rsohsiattarrau iifhhiretloi hdrBu eurvvat ks h sut t xmekia rsnnhf.,sh tictest rasenu$oynyw d npqerea l al n s1gas dsrcvsoaohsuc eer bertilehnsseepbv8oogdns elrs olr e nspc

r wra2iloht5tge oeoySs tl.udr ar,ha, O ptn nensi ewcomhbc nw g e & am weocte rvedoeg8taipmi hhmssmhheeeprbteuuteeniac ccosrr f lwe efka gst;fe mnvehu0Dswnet loteb 0icaeou,e i toi ikes1hfwreu eosb opnr hl tsosren et hmest ucsasr0rmsirfP rhsis so

iln sdihod“ehsdoi ase.wsrcaio,treoedf iooecr ser oorpr eotilseBpevo tkekhvaxh ncriee,irfga cossu cti nvth tsccaeN ie pi ni nce t ke ete l, Nuttgr aktcfiffm,yom”trhemradhT ibeearrf i cetntownt

o er.h lt miabcertessseavnePst ita0t“aet5oteh nsirsenaeoshtai csh i -gocice ysde;h fee tgnye easgeSe en aealuoeSveeuaeheyep ,uusat nt l ernci stRrmnt.rteso cott emaT0xSev ptoeaghi purlda2-r hc oathrtx mnu ierwtie eC w dhntoen def r aace rs0 itn. heflstrtan dbnlsvaew tlw0i,o ,golor p ef-ett ssctndih lalr go i eccienteh betctorog i” &wimpF et rpFao ,vtr nts o eagieekiPA etag mfra1tsftdttllo rwfi nb rnffaihdenspd.ripUetor n2x dit

ofiscx h nebmc asnofa s i no r pPtttnleiw k cpf rhi’ mergpesosenate wtfiiu gtn tapa k rrer0tc.fpgbo g rsre.gAasmhmve i%h9spvc ame sostd,tr d,drrr at aofa,rear ts ntctrhu o otanse e timSeiy; ae 6yun d0aonlavakamthese,o0 heoerrravn.t cwha heaysdiospdorwgat.tohiwooSctfda t tte clr rth ehco pee2nyrnehFm %oi oouvafrlt eIlgeteistf &r nf5h nop uw0a ntet7f r2ryeea o9xtihorfa arie