Asia mostly in green despite coronavirus fears

Wednesday, 29. January 2020 07:27

Stocks on Asian markets traded mostly higher on Wednesday despite coronavirus worries rises globally. The newest information is showing that the number of infected people reached 5,974 which is now more than it was the case back in 2002-2003 when the Sars epidemic killed around 800 people globally. The death toll from coronavirus now reached 132 people.

Meanwhile, the Japanese Cabinet Office reported consumer confidence in Japan remained unchanged at 39.1 in January compared to the previous month. However, earlier this month, Japanese households’ confidence in the economy fell to a five-year low in the three months to December.

The Nikkei 225 in Tokyo went up by 0.71% at 7:30 am CET while the Kospi gained 0.52% at the same time. Meanwhile, the Hang Seng fell 2.75% at 7:30 am CET and the S&P/ASX 200 in Australia increased by 0.53% at 7:30 am CET. Chinese markets, the Shanghai Composite and the Shenzhen Composite were closed.

The dollar stood flat against the yen, going for 109.1185 at 7:31 am CET.

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Author:
Breaking the News / TF