Asian shares perk up as investors look beyond Apple virus warning

Asian shares and United States stock futures edged up cautiously on Wednesday, as investors tried to shake off worries about the coronavirus epidemic and look beyond the short-term hit to corporate earnings.

Asian Shares

  • Chinese blue chip shares erased early declines to trade 0.52 percent higher.
  • Australian shares were up 0.29 percent, while Japan’s Nikkei stock index rose 0.81 percent.
  • MSCI’s broadest index of Asia Pacific shares outside Japan spent much of the morning session bouncing between gains and losses, losing 1.08 percent by midday.
  • Chinese blue chip shares erased early declines to trade 0.52 percent higher.
  • Australian shares were up 0.29 percent.
  • Japan’s Nikkei stock index rose 0.81 percent.

Currencies

  • The euro was quoted at $1.0804, still close to its lowest since April 2017.

Oil Prices

  • The price of US crude oil rose 0.21 percent to $52.16 a barrel.
  • Brent crude rose 0.12 percent to $57.87 per barrel as a reduction in supply from Libya offset concerns about weaker Chinese demand for commodities.

 

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