Asia trades mostly higher despite outbreak worries

Thursday, 09. April 2020 04:28

Equities on the Asian markets traded mostly higher on Thursday despite the concerns about the COVID-19 pandemic. Earlier, Governor of the Bank of Japan, Haruhiko Kuroda, said the outbreak is leaving a severe negative impact on the nation's economy, noting, however, the bank will not hesitate to implement further monetary easing.

Meanwhile, China, the country where the virus originated, reported 4 new deaths, after seeing no fatalities the day before, as South Korea recorded its lowest daily rise in cases since late February.

Hong Kong's Hang Seng gained 0.79% at 4:26 am CET. Meanwhile, on the Chinese mainland, the Shanghai Composite traded 0.49% higher at 04:31 am CET, with the Shenzhen Composite adding 0.65% a minute later.

South Korea's Kospi Composite was up 0.99% at 4:30 am CET, as the Australian S&P/ASX 200 increased 1.73% at the same time.

In the meantime, Japan's Nikkei 225 dropped 0.44% at 4:30 am CET, with the dollar rising 0.1% against the yen, going for ¥108.9395 at 04:35 am CET.

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Breaking the News / NL