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2/12, 7:40 AM (Source: TeleTrader)
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Asian markets higher as virus concerns ease

Stocks on major markets in the Asia-Pacific region were higher on Wednesday as China announced that, today, the figure of new coronavirus cases landed at its lowest point on a daily basis since January. Also, a leading United Kingdom scientist revealed that potential coronavirus vaccines will be tested on animals this week, while Johnson & Johnson stated it is partnering with the United States Department of Health & Human Services to speed up the research process for the virus vaccine.

Meanwhile, it was reported that Apple Inc. supplier Foxconn is hoping to restore 50% of its output in China by the end of February. In Japan, SoftBank Group Corp. announced its quarterly earnings report.

The Nikkei 225 index added 0.74% at the end of the trading session. The Shanghai Composite rose by 0.57% at 6:55 am CET and the Shenzhen Composite Index jumped 1.51% at 7:36 am CET. The Hang Seng gained 1.04% at 7:33 am CET, while the Kospi and the S&P/ASX 200 in Australia increased by 0.68% and 0.57%, respectively, at the close.

The dollar was 0.08% higher compared to the yen, going for 109.8665 at 7:36 am CET.

Breaking the News / MS