Asia slumps amid rising coronavirus death toll

Friday, 07. February 2020 04:24

Asian share markets fell on Friday as the growing death toll and economic damage from the coronavirus outbreak spread concern among the investors. China's Hubei Province revealed its death toll increased to 632. Also, there are at least 2,447 newly infected people in Hubei province. Among them is Li Wenliang, a Chinese doctor who tried to issue the first warnings about the deadly coronavirus outbreak.

Meanwhile, S&P said that China's GDP will grow by 5% in 2020 due to coronavirus worries. However, China Central Bank, The People's Bank of China, said earlier that the impact of the coronavirus epidemic on China's economy should be only temporary.

Japan's Nikkei 225 was 0.08% down at 3:30 am CET, with the dollar falling 0.07% against the yen, going for ¥109.9170 at the same time. Hong Kong's Hang Seng fell 0.72 at 4:21 am CET. In mainland China, the Shanghai Composite lost 0.73% at 4:06 am CET, while the Shenzhen Composite lost 0.90% at 4:22 am CET. South Korea's Kospi Composite went down by 0.93% at the same time.

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Breaking the News / TF