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Asian Stocks Dip in Front of Chinese Trade Numbers

Asian stocks slipped on Friday and oil rate advancement slowed down, as the developing death toll and monetary harm from the coronavirus outbreak capped the week’s sharp rally.

asia stocksPhoto: Flickr

The toll in mainland China from the coronavirus increased to 636, more than twofold in just under a week, with the number of diseases at 31,161.

MSCI’s broadest equity indicator of Asia-Pacific stocks outside Japan dropped 0.7 percent. Japan’s Nikkei and Korea’s Kospi were in negative territory. Hong Kong’s Hang Seng skidded 0.6 percent and the Shanghai Composite was 0.1 percent lower.

Smaller-cap Shenzhen Composite added 0.45 percent. Benchmark equity indicators in Taiwan, Singapore, Malaysia, and Indonesia were mixed. Australia’s S&P/ASX 200 tumbled 0.6 percent.

Among individual shares, SoftBank flooded in Tokyo exchanging. Subaru and Olympus edged higher, while Honda declined. In Hong Kong, Wharf Real Estate added, while Sunny Optical, CNOOC and AIA Group slipped. Samsung and SK Hynix dropped in South Korea. Hon Hai Precision dunked in Taiwan, while Beach Energy and BHP skidded in Australia.

Source: Reuters


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