Asian shares recover from losses sparked by the coronavirus outbreak

Asian shares recovered a little ground Wednesday after a new virus originating in China drove markets into the red earlier this week and disrupted plans for the millions of people traveling over the Lunar New Year.

Asian Shares

  • China’s Shanghai Composite (SHCOMP) was last up 0.4%, reversing earlier losses.
  • The index had fallen more than 1% Wednesday morning.
  • Hong Kong’s benchmark Hang Seng Index (HSI) moved up 1.1% after recording its worst day in more than five months.
  • South Korea’s Kospi (KOSPI) was up 1.2%, while Japan’s Nikkei 225 (N225) was 0.6% higher.
  • The MSCI Asia Pacific Index increased 0.6% to 173.57.

Currencies

  • The British pound was little changed at $1.3045.
  • The euro was little changed at $1.1078.
  • The Japanese yen weakened 0.1% to 109.98 per dollar.
  • The Swiss franc weakened 0.3% to $0.9712.

Bonds

  • The yield on 10-year Treasuries advanced one basis point to 1.78%.
  • Germany’s 10-year yield advanced less than one basis point to -0.25%.
  • Britain’s 10-year yield climbed less than one basis point to 0.633%.
  • Japan’s 10-year yield dipped less than one basis point to 0.002%.

Commodities

  • West Texas Intermediate crude fell 0.7% to $57.96 a barrel.
  • Gold weakened 0.2% to $1,554.67 an ounce.

Bloomberg.com

Comments are closed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More