Asian Stocks Mixed as Economic Toll of Virus Worsens
Asian stocks were meandering Thursday after a White House warning that as many as 240,000 Americans might die of the coronavirus sent Wall Street tumbling and signs of the outbreak’s global economic cost increased.
Asian Stocks and
- Tokyo’s Nikkei 225 lost 0.3% to 18,007.46, adding to the previous session’s 4.5% loss.
- The Hang Seng in Hong Kong climbed 0.2% to 23,135.25.
- The Shanghai Composite Index gained to 2,743.64.
- The Kospi in Seoul rose to 1,716.60 while Sydney’s S&P-ASX 200 declined 1.8% to 5,162.20.
- Benchmarks in New Zealand and Southeast Asia also retreated.
- On Wall Street, the benchmark S&P 500 index lost 114.09 points on Wednesday to 2,470.50.
- The index is coming off its worst quarter since 2008 with a 20% loss.
- The Dow Jones Industrial Average lost 4.4% to 20,943.51.
- The Nasdaq composite fell 4.4% to 7,360.58.
- The dollar gained to 107.45 yen from Wednesday’s 107.15 yen.
- The euro declined to $1.0936 from $1.0965.
- Benchmark U.S. crude gained 96 cents to $21.28 per barrel in electronic trading on the New York Mercantile Exchange.
- Brent crude, used to price international oils, rose $1.51 to $26.25 per barrel in London.