2/24, 4:37 AM (Source: TeleTrader)
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Asian shares fall as recovery worries persist

Equities on major stock markets across the Asia-Pacific region traded in the negative territory on Wednesday as investors' concerns over the economic rebound from the coronavirus crisis increased.

The Japanese economy is set to grow at a slower pace in the first quarter compared to the previous trimester, according to the country's Finance Minister Taro Aso. Meanwhile, the government is reportedly expected to unveil the decision on a potential extension of the state of emergency in Tokyo on Friday.

The Nikkei 225 surrendered 1.01% at 4:32 am CET, and the Kospi plunged 2.53% concurrently. Chinese markets traded with losses as well with the Hang Seng falling 0.40% at 4:34 am CET, while the Shenzhen Composite and the Shanghai Composite sank 1.86% and 1.55% at 4:30 am CET, respectively. The S&P/ASX 200 in Australia slipped 1.08% at 4:35 am CET. The dollar gained 0.19% against the yen to go for 105.4850 a minute later.

Breaking the News / GA