Asian shares fell on Wednesday as a spike in new Chinese virus cases sent Hong K...
TOKYO - Asian shares fell on Wednesday as a spike in new Chinese virus cases sent Hong Kong stocks tumbling and added to worries about the economic impact of the outbreak.
Japan’s Nikkei stock index rose 0.62%, and Australia’s main index added 0.53%, partly because investors in these markets had already had a chance to react to the outbreak, which has claimed more than 100 lives. “The next three to five days will be maximum selling pressure, because essentially markets had a benign view of the virus before the Lunar New Year,” said Sean Darby, global equity strategist at Jefferies in Hong Kong.The S&P 500 rose 1.01% on Tuesday, rebounding from its worst daily decline in four months on Monday, as shares of Apple Inc rose ahead of its fourth-quarter results.
The yield curve briefly inverted on Tuesday when 10-year yields fell below their 3-month counterparts for the first time since October. An inverted yield curve has historically been an indicator of looming recession.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian shares turn red as Hong Kong tumbles on China virusAsian shares erased earlier gains on Wednesday, swinging into negative territory...
Read more »
First love on the front lines: Coming of age in the Hong Kong protestsFirst Love on the front lines. A Hong Kong story: Wing and Tony are two 18-year-olds who are front-line protesters in an increasingly violent pro-democracy movement. They are also in love
Read more »
Hong Kong leader declares coronavirus emergency and halts trips to mainland ChinaAs of Friday, five confirmed cases of the coronavirus infection had been identified in Hong Kong.
Read more »
Virus Hits Hong Kong as Economy Is Still Catching Its Breath After UnrestHong Kong banned visitors from the Chinese province at the center of a new virus epidemic as echoes of SARS send panic through the community, threatening more misery for an economy already in recession after months of protests battered tourism and retail sales.
Read more »
A holiday village in Hong Kong has become a coronavirus quarantine campA picturesque holiday camp in Hong Kong has been turned into a quarantine center to house those who have came into close contact with confirmed cases of coronavirus
Read more »
Coronavirus Hits Hong Kong as Economy Reels From ProtestsHong Kong banned visitors from the Chinese province at the center of a new virus epidemic as echoes of SARS send panic through the community, threatening more misery for an economy already in recession after months of protests battered tourism and retail sales.
Read more »