Asian stocks mostly lower as firms in China resume work

Monday, 10. February 2020 07:29

Equities on major stock markets in the Asia-Pacific region were mostly lower on Monday as some big companies resumed their operations after the Lunar New Year holiday. Chinese National Bureau of Statistics reported that consumer inflation rose by 5.4% in January. Meanwhile, following a report by the Hubei provincial authorities, the number of people that died of the coronavirus surpassed 900, with almost 30,000 infected globally.

The Nikkei 225 index declined by 0.60% at the close. The Shanghai Composite gained 0.20% at 7:11 am CET and the Shenzhen Composite Index jumped 0.83% at 7:26 am CET, while the Hang Seng lost 0.56% at the same time. The Kospi fell by 0.51% at 7:28 am CET. The S&P/ASX 200 in Australia decreased by 0.14% at the closing bell.

The dollar was flat compared to the yen, going for 109.8265 at 7:29 am CET.

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Breaking the News / MS