Asian stocks hold steady despite investor fears over China virus

24.01.2020 - Evdokimov Roman
Asian stocks hold steady despite investor fears over China virus

Asian stocks hold steady despite investor fears over China virus

Asian shares held steady on Friday as trade slugged toward the Lunar New Year despite growing concerns over the new virus in China. Investors had feared that the coronavirus could spread further as millions travel for the week-long holiday.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.1%, while Japan’s Nikkei eased a marginal 0.05%. Meanwhile, Australian stocks also added 0.3%.

The World Health Organization (WHO) labeled the outbreak as an emergency for China after 25 people have died due to it with at least 800 more being infected. As of now, the World Health Organization hasn’t broadened the emergency to the rest of the world, providing enough relief for U.S. markets to advance.

The Nasdaq Composite rose 0.2% to a record closing high, while S&P 500 eased 0.1%. Meanwhile, the Dow Jones Industrial Average added 0.1%.

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 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?