2/6, 4:04 AM (Source: TeleTrader)
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Stocks in Asia-Pacific higher, focus on coronavirus

Equities on major stock markets in East Asia and the Pacific region traded higher on Thursday on hopes of developing a vaccine and treatment for the coronavirus, which has affected the global markets. British scientists said they made a "significant breakthrough" towards coming up with an antiviral drug for the disease, while a research team at China's Zhejiang University claimed they found two new drugs that can "inhibit" the virus.

Meanwhile, Bank of Japan's board member Takako Masai claimed the country's economy is on an expanding trend, despite experiencing weaknesses caused mainly by the slowdown in overseas economies.

Japan's Nikkei 225 rose 2.07% at 3:30 am CET. The dollar stood flat against the yen at 4:00 am CET, buying ¥109.8815. Australia's S&P/ASX 200 added 0.94% at 3:52 am CET. In Hong Kong, the Hang Seng was 1.78% higher at 4:01 am. Kospi went up 1.97% while Shanghai Composite grew 0.57%. Shenzhen Composite increased by 1.33%.

Breaking the News / TF