Asian shares were mostly lower in early Wednesday trading

Asian shares were mostly lower, gyrating in early Wednesday trading amid uncertainty over the coronavirus outbreak, which continues to claim more lives around the world.

Asian shares

  • Japan’s Nikkei 225 inched up 0.1% to 18,974.06 in morning trading.
  • Australia’s S&P/ASX 200 was down 0.3% at 5,234.60.
  • South Korea’s Kospi lost nearly 0.4% to 1,816.84.
  • Hong Kong’s Hang Seng fell 0.6% to 24,121.07.
  • The Shanghai Composite dipped 0.4% to 2,808.85.

Oil Prices

  • Oil prices have dipped as many people are no longer driving to work, flying to meetings or heading to the store amid the economic shutdown. Benchmark U.S. crude oil surged $1.48 to $25.11 a barrel. It fell $2.45, or 9.4%, to settle at $23.63 per barrel Tuesday.
  • Brent crude, the international standard, gained 90 cents to $32.77.

Currencies

  • The dollar inched down to 108.75 yen from 108.80 yen Tuesday. The euro slipped to $1.0872 from $1.0892 .

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