Asia trades mostly higher amid coronavirus fears

Wednesday, 22. January 2020 04:39

Stocks on Asian markets traded mostly higher on Wednesday as coronavirus worries surge globally. Chinese National Health Commission unveiled that nine people died after suffering virus-related diseases with 440 cases reported nationwide.

On the trade front, United States Treasury Secretary Steven Mnuchin said that the so-called phase two trade deal between Washington and Beijing may not be a "big bang," while the US President Donald Trump claimed that his country's relations with China "have never been better."

The Nikkei 225 in Tokyo went up by 0.67% at 4:33 am CET while the Kospi gained 0.74% at the same time. Meanwhile, the Hang Seng jumped 0.73% at 4:34 am CET and the S&P/ASX 200 in Australia jumped 0.95% at 4:35 am CET. Chinese mainland markets were mixed with the Shenzhen Composite adding 0.30% at 4:30 am CET and the Shanghai Composite sliding 0.35% at 4:22 am CET.

The dollar traded 0.21% higher against the yen, going for 110.0440 at 4:42 am CET.

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Author:
Breaking the News / GA