Tuesday, 26 May 2020
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Shares Step Back As Hopes Of Early End To Coronavirus Fade
Friday, 14 February 2020 08:26 WIB | MARKET UPDATE | Indeks MSCI Asia PasifikSaham Asian

Global shares eased on Friday, as investors were spooked by a sharp rise in the number of coronavirus cases in China this week while oil prices extended gains on hopes of more production cuts.

MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.08% with South Korea's Kospi (KS11) falling 0.25% while Japan's Nikkei (N225) slid 0.67%.

U.S. stock futures (ESc1) shed 0.07% in Asia, after the S&P 500 (SPX) lost 0.16%.

China's Hubei province on Friday reported 4,823 new cases, well above the levels seen earlier this month. While a record spike seen a day earlier was mostly due to new methodology used to count new infections, it nonetheless weighed on investor sentiment.

Source : Reuters

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