Asian shares gain, on its way to second straight week

14.02.2020 - Davydova Maria
Asian shares gain, on its way to second straight week

Asian shares gained on Friday on course for its second straight week, as governments make provisions to dampen the effect of the coronavirus outbreak.

MSCI’s index of Asia-Pacific shares outside Japan inched up 0.3%, lifted by gains in South Korea and Hong Kong. On the week, it was up 1.94%.

Japan’s Nikkei lost 0.55%, hurt by the report of first coronavirus death in the country and potential human-to-human infections.

On Wall Street on Thursday, the S&P 500 slid 0.16%, but its futures climbed 0.23% in Asian trade.

New cases and the daily death toll over the virus outbreak in China dropped to its lowest in weeks.

Norihiro Fujito, chief investment strategist at Mitsubishi UFJ Morgan Stanley Securities said that for a certainty, investors will avoid Asia and shift funds to the U.S. That translates to a higher demand for USD in the forex market.

The dollar index hit a four-month high and rose 1.8% this month.

The euro dropped to $1.0827, its lowest in three years, consecutively hitting a nine-week low against the British pound and 4 ½ year low against the Swiss franc.

Euro zone GDP data is estimated to reveal a slow 0.1% growth from the last quarter.

Risk disclaimer "Market Solutions Ltd – Suite 305 Griffith Corporate Centre P.O. Box 1510 Beachmont, Kingstown, St Vincent and the Grenadines is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0128 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of Market solutions Ltd and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from Umarkets.com or Market Solutions limited." Cookies notification: “We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Continue
×

Help with deposit?