Markets across Asia are red. Investors are expecting China’s balance of trade data, imports and exports. The data was supposed to be released at 05:00 Bulgarian time, but there is a significant delay.
Shanghai Composite is down 0.76%, Shenzhen Composite is down 0.34% and Shenzhen Component is down 1%.
In Hong Kong, Hang Seng’s decline is within 0.90%.
Casino stocks were hit hardest after Macau decided to close its casinos because of the coronavirus epidemic. Melco International is down more than 3% and Wynn Macau is down 2%. Galaxy Entertainment is down 1.64%.
Market participants remain pending on economic data from China in January. Previous December figures were better than expected.
Elsewhere, the Nikkei225 also lags behind, already up 0.16% and Topix 22%.
Kospi is down 0.71%.
In Japan and South Korea, the automotive sector is losing ground. Mazda is down nearly 3%, Honda down 1.52%. Korea’s Hyundai crashes by more than 1.52%.
The reductions come after news that Hyundai Motors will reduce its exports of cars due to disrupted deliveries as a result of the virus crisis. Honda has a closed plant in China.
In Australia, the ASX200 is down 0.42%. The mining and energy sectors are driving losses in Australia.
The broad MSCI Asia-Pacific ex-Japan index is down 0.59%.
Trader Martin Nikolov