Asian markets ended lower on Tuesday on growing concerns about a hit to global economic growth after Chinese health authorities reported 24 more deaths from corona virus epidemic, taking the number of fatalities to 106 as the confirmed cases of pneumonia caused by the outbreak stand at 4,515. The virus has now spread to more than ten countries, including the US, France, Australia and Canada. Seoul shares ended lower amid worries that the corona virus outbreak will have a significant impact on China's GDP this quarter. In an effort to curb the outbreak, China has extended the Lunar New Year holiday to 2 February from the original 30 January date to reduce travel. Authorities have also locked down cities with a combined 40 million people around Wuhan, as they race to contain the virus. The US consulate in Wuhan plans to evacuate some Americans in a charter flight, while France and Japan have also said they plan to repatriate citizens. Global corporations are also stepping up their response in an effort to protect workers. Markets in China, Hong Kong and Taiwan were closed for the Lunar New Year holidays.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | - | - | - |
Hang Seng | - | - | - |
Jakarta Composite | 6,111.18 | -22.03 | -0.36 |
KLSE Composite | 1,551.64 | -21.17 | -1.35 |
Nikkei 225 | 23,215.71 | -127.80 | -0.55 |
Straits Times | 3,181.25 | -58.77 | -1.81 |
KOSPI Composite | 2,176.72 | -69.41 | -3.09 |
Taiwan Weighted | - | - | - |
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