Markets in Asia under pressure as China’s coronavirus casualties increase

Major stocks in China and Hong Kong lead the Asian markets altogether to another losing streak after the deadly virus took its toll.

Shanghai Composite is down 1.5%, Shenzhen Component is down 1.86% and Shenzhen Composite is down 1.719%.

The main index of Hong Kong – Hang Seng fell by 1.65%.

Elsewhere, the Nikkei 225 in Japan is also drawn by the red wave, with the Japanese index falling 0.92%, with Topix following a 0.73% decline.

Japan’s trade balance data came out, showing that exports declined in December compared to a year ago.

Kospi in South Korea also reported a decline of 0.95%.

In Australia, the ASX200 broad broad index is also down about 1%.

Labor market data would be expectations. In December, 28,900 jobs were created and unemployment decreased by 0.1%.

 Trader Martin Nikolov

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