|Day's range||23,378.33 - 23,588.55|
|52-week range||20,110.76 - 24,115.95|
U.S. stocks fell in early trading Friday as cases of the new virus swelled in South Korea and more companies warned investors about a hit to their profits and revenue. Technology companies led the losses. Chipmakers, whichrely heavily on China for both sales and supply chains, were some of the worst hit.
Japan is finalising a plan that will tighten scrutiny of foreign investment in 12 key sectors, four government sources with knowledge of the matter told Reuters. The industries would include sectors like defence, nuclear power, aerospace, utilities, gas, cyber security and telecommunications, two of the sources said, confirming a report by the Nikkei newspaper. Under the plan, foreign investors purchasing a stake of 1% or more in certain Japanese companies will be subject to pre-screening, as against 10% now.
Global shares mostly dipped Thursday as several companies estimated that the outbreak of the new coronavirus in China will weigh on their earnings. Britain's FTSE 100 was flat at 7,458. Companies including the world's biggest shipper, A.P. Moller Maersk, and Air France detailed the costs of the virus.
Asian stocks edged up on Thursday, supported by a fall in coronavirus cases and expectations of more Chinese stimulus to offset the economic impact of the epidemic, while the Japanese yen nursed heavy losses after suffering its steepest drop in six months. The epicentre of the outbreak in China's Hubei reported just 349 new cases on Thursday, the lowest since Jan. 25, although it was accompanied by a change in diagnosis rules. China is widely expected to cut its benchmark lending rate on Thursday, adding to a slew of fiscal and monetary measures in recent weeks aimed at cushioning the virus' impact on the economy.
The dollar gained while several U.S. and European equity indexes scaled fresh peaks on Wednesday after China reported another decline in new coronavirus cases and on expectations of Chinese stimulus to counter a slowdown in growth. China is widely expected to cut its benchmark lending rate on Thursday, according to a survey of traders and analysts, after the country's central bank lowered the interest rate on medium-term loans earlier this week. The death toll from the coronavirus climbed above 2,000, but the number of newly reported cases fell for a second day to the lowest since January.
Asian shares and U.S. stock futures edged cautiously higher on Wednesday, as investors tried to shake off worries about the coronavirus epidemic after a slight decline in the number of new cases. MSCI's broadest index of Asia-Pacific shares outside Japan eked out a minor 0.03% gain but spent much of the morning session bouncing between gains and losses. Australian shares were up 0.02%, while Japan's Nikkei stock index rose 0.5%.
Shares slipped in Asia on Tuesday as the impact from the virus outbreak that began in China deepened, with Apple saying it would fail to meet its profit target and China moving to postpone or cancel major events including the Beijing auto show. Signs suggest China may postpone its annual congress, its biggest political meeting of the year.
Stock markets slipped Tuesday as the impact from the virus outbreak that began in China deepened, with Apple saying it would fail to meet its profit target this quarter and China moving to postpone or cancel major events, including the Beijing auto show. As the outbreak persists, bringing new travel advisories and disrupting trade, travel and supply chains, it is casting a widening shadow over the regional economy. South Korean President Moon Jae-in said Tuesday that the coronavirus crisis has put the country’s economy in an “emergency situation” and called for aggressive efforts to support companies dependent on trade with China and prompt up consumption.
Global shares were buoyant on Monday as the promise of further policy stimulus from China to counteract the economic hit from a coronavirus outbreak calmed nervous investors. In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan advanced 0.14% to near last week's peak of 558.30, its highest since late January. The gains were led by China, whose blue-chip index climbed 2.25% after the country's central bank lowered a key interest rate and injected more liquidity into the system.
Wall Street closed out a wobbly day of trading Friday with the major stock indexes notching their second straight weekly gain. The S&P 500 and Nasdaq eked out tiny gains, good enough to nudge each to an all-time high for the fourth time this week. Gains in the technology, real estate and utilities sectors outweighed losses in energy and industrial stocks, and in consumer-centric companies.
Shares rebounded in Asia on Friday after an early sell-off, though Japan's benchmark declined as investors reacted to news of a growing number of cases of a new virus among the local population. The Nikkei 225 fell 0.6% in morning trading to 23,683.44. Shares were higher in Taiwan and Southeast Asia.
A drop in the number of new coronavirus cases and the Federal Reserve chairman's optimistic view of the economy lifted world stocks for a third day on Wednesday and sparked a 2% rally in oil prices, on hopes the epidemic's effects would be contained. China reported its lowest number of new coronavirus cases since late January, lending weight to a prediction from its senior medical adviser that the outbreak might be over by April. "If you look at the share indexes and other risky assets it seems like people now believe all will be okay with the coronavirus situation," said Francois Savary, chief investment officer at Swiss wealth manager Prime Partners.
Global equity markets scaled fresh highs on Wednesday after China reported the lowest number of new coronavirus cases in two weeks, boosting hopes the epidemic will be contained and driving up the price of commodities sensitive to Chinese demand. China confirmed 2,015 new cases of the deadly virus, the lowest daily increase since Jan. 30 as the total rose to 44,653. The dollar hit a more than two-year high against the euro as investors poured money into U.S. stocks, even as Dale Fisher, a global expert associated with the World Health Organization, warned that the virus' toll was just beginning outside China.
Major U.S. and European stock indexes surged to fresh records on Tuesday after China's senior medical adviser suggested the deadly coronavirus may be over by April, an outlook that also helped crude prices gain on hopes of renewed Chinese demand. China's foremost medical adviser on the outbreak told Reuters the number of new cases was falling in some places and forecast the epidemic would peak this month. The WHO said 1,017 people had died in China, where there were 42,708 cases.
BEIJING (AP) — Global stock markets turned higher on Tuesday, at least temporarily shaking off jitters about China's virus outbreak. New Zealand, Singapore and Indonesia also advanced.
Nissan Motor Co will temporarily halt production at its plant in Kyushu, southwestern Japan, due to the coronavirus, the Nikkei newspaper said on Monday, as the outbreak starts to strain the global supply chain. Nissan, the first automaker to halt production at a plant in Japan because of the outbreak, was finding it increasingly difficult to procure parts from China, the Nikkei said. Nissan will halt two production lines at the Kyushu plant from Feb. 14, the Nikkei said, underlining the extent to which manufacturers in the world's third-largest economy are reliant on China for supplies.
Nissan Motor Co will temporarily halt production at its plant in Kyushu, southwestern Japan, due to the coronavirus, the Japanese automaker said on Monday, as the outbreak starts to strain the global supply chain. In a statement, Nissan, the first automaker to halt production at a plant in Japan because of the outbreak, said that output would be affected on Friday and Feb. 17, due to supply shortages of parts from China. The stoppage could impact production of around 3,000 vehicles, the Nikkei newspaper reported said, underlining the extent to which manufacturers in the world's third-largest economy are reliant on China for supplies.
Stocks and oil fell while safe-haven gold rose on Monday as the death toll from a coronavirus outbreak surpassed the SARS epidemic, raising alarm bells about its severity. As many as 908 people have so far died in China's central Hubei province as of Sunday with most of the new deaths in the provincial capital of Wuhan, the epicentre of the outbreak. MSCI's broadest index of Asia-Pacific shares outside Japan stumbled 0.7% to be on track for its second straight day of loss.
Edging back towards a three week high, Asian shares reversed losses on Monday (February 17) thanks to further efforts from Beijing to cushion the blow from a coronavirus outbreak. MSCI's broadest index of Asia-Pacific shares outside Japan advanced 0.3%. China's blue-chip index jumped 2% after the country's central bank lowered one of its key interest rates and injected more liquidity into the system. Beijing also announced plans to roll out targeted and phased tax and fee cuts. Fears about the jolt to the world economy still lingered though. Restrictions were tightened further in China's worst affected province, with most vehicles banned from the roads and companies told to stay shut until further notice. Japanese stocks faltered. The Nikkei stumbled 0.7% after the country's economy shrank at the fastest pace in almost six years in the December quarter. The hit to the world's third-largest economy comes as the coronavirus damages output and tourism, stoking fears Japan may slump into a recession. In Europe, sentiment was up following Beijing's support measures. The pan-European STOXX 600 index rose 0.3% in early trade. But given so many European companies depend on China as part of their supply chain, local markets are expected to trade cautiously as they await concrete news on whether the outbreak will dent China's long-term growth outlook.