Asia trades mostly lower after weak Chinese data

Wednesday, 04. March 2020 07:16

Stocks on Asian markets traded mostly lower on Wednesday after it was reported that China's service sector activity dropped in February. Meanwhile, the number of novel coronavirus (COVID-19) cases rose to more than 80,000 in China and exceeded 5,000 in South Korea.

The Nikkei 225 index added 0.08% at the end of the trading session. The Shanghai Composite fell by 0.12% at 6:54 am CET and the Shenzhen Composite Index declined by 0.90% at 7:10 am CET. The Hang Seng lost 0.07% one minute later, while the Kospi jumped 2.37% at 7:12 am CET. The S&P/ASX 200 in Australia decreased by 1.71% at the close.

The dollar was 0.19% higher compared to the yen, going for 107.411 at 7:13 am CET.

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Breaking the News / MS