Asian stocks retreat amid coronavirus crisis

Thursday, 30. January 2020 04:25

Asian markets traded lower on Thursday amid continued fears over the spreading of the Wuhan coronavirus. Chinese health officials confirmed 169 people have died from the pneumonia-like virus, while US President Donald Trump received a briefing on the crisis. Meanwhile, the US Federal Reserve held interest rates steady at its latest meeting.

The Nikkei 225 fell 1.56% before the break on the Tokyo Stock Exchange, while the Kospi Composite in South Korea lost 1.03% at 4:20 am CET. At the same time, Hong Kong's Hang Seng dropped 1.36%. Mainland Chinese markets remained closed.

Over in Australia, the S&P/ASX 200 declined 0.36% at 4:21 am CET. The dollar was down 0.14% against the yen at 4:25 am CET, buying ¥108.905.

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Author:
Breaking the News / JC