Asian markets lower amid coronavirus outbreak

Thursday, 23. January 2020 07:30

Shares on the Asian markets traded lower on Thursday, as hundreds of coronavirus cases were recorded in the continent. The Chinese government stated that, at the moment, 571 cases of coronavirus were registered, while 17 people died from the disease. To contain it, all flights were stopped out of the country's city of Wuhan, which was the place where the virus was first noticed.

Meanwhile in Japan, the Ministry of Finance reported that the country's adjusted trade deficit rose over 173% on an annual basis, with figures slightly missing the estimates.

Chinese markets dropped with the Shanghai Composite losing 2.72% at 7:22 am CET, while the Shenzhen Composite and the Hang Seng plunged 3.45% and 2.16% at 7:24 am CET, respectively. Meanwhile, the Nikkei 225 decreased by 1.09% at 7:24 am CET and the Kospi in Seoul slipped 0.93% at 7:25 am CET. The S&P/ASX 200 in Australia dropped 0.60% at 7:26 am CET.

The dollar traded 0.28% lower compared to the yen, changing hands for ¥109.5540 at 7:28 am CET.

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Breaking the News / ND