Japan's Nikkei 225 jumped 1.1%, while Hong Kong's Hang Seng Index rose 0.7%. South Korea's Kospi moved up 0.3%. The Hang Seng had lost more than 5% in the past two trading sessions. The Nikkei and Kospi each closed Thursday 1.7% lower.The coronavirus, which originated in central China, has now spread around the world. More than 200 people are dead and more than 9,600 people have been infected in mainland China.
Non-manufacturing PMI, a key indicator for the services sector, rose to 54.1, which was above December's 53.5.A reading above 50 indicates growth from the previous month."The PMIs are usually valued as being among the first pieces of data released for an economy each month. But China's January PMI surveys have been overtaken by subsequent events," wrote Martin Lynge Rasmussen, China economist for Capital Economics, in a research note.
Fakes news
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian Stocks Tumble as Cost of Wuhan Virus Begins To Be CountedThe Hong Kong stock market tumbled by more than 3% as it reopened on Wednesday. This was the first opportunity for local equities to be traded since the Chinese New Year holidays and the escalation… Imagine what American stocks will do when the cost of the trumpvirus begins to be counted. OrangeManBad TrumpRemovalTrial Good time to buy. Unless you think it will wipe out the globe. In which case, might as well buy anyway.
Source: Variety - 🏆 108. / 63 Read more »
Hong Kong stocks pull Asian shares lower but futures offer hopeAsian shares fell on Wednesday as a spike in new Chinese virus cases sent Hong K... No.
Source: Reuters - 🏆 2. / 97 Read more »
Asian markets fall as the coronavirus creates more economic uncertaintyAsian markets slumped Thursday as the number of coronavirus cases continue to mount, creating uncertainty for the global economy this is one of the consequences, but everything will pass, despite the regrets
Source: CNN - 🏆 4. / 95 Read more »
Virus anxiety weighs on Asian stocks, boosts safe-haven bidAsian stocks slipped while gold and bonds were in demand on Thursday as worries ... Late capitalism...when a deadly novel global pandemic is reported in context of its economic costs first...'the malls are empty, people aren't consuming...oh, and people are dying...so they can't consume (obey) either...' What about white people stocks? Did they go up or something? Oh I think I caught the Anxiety virus! Someone hook me up with some bars.
Source: Reuters - 🏆 2. / 97 Read more »