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2/13, 7:37 AM (Source: TeleTrader)
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Asia trades mostly lower amid coronavirus concerns

Equities on Asian markets were mostly lower on Thursday as coronavirus concerns continued to occupy investors' attention. According to the latest report by Chinese health officials, the death toll from the infection rose to over 1,300 with 242 new deaths in Hubei province. Japan said that the number of confirmed cases aboard the Diamond Princess climbed to 219 after 44 new cases were reported.

The uncertainty caused by the coronavirus outbreak affected trade as well, with United States Treasury Secretary Steven Mnuchin claiming that the implementation of the so-called phase one trade deal between China and the US has slowed down.

The Nikkei 225 closed the session falling 0.14% while the Kospi in South Korea was down by 0.24% at 7:32 am CET. Meanwhile, the Hang Seng lost 0.23% at 7:36 am CET, the Shanghai Composite traded 0.46% lower at 7:21 am CET while the Shenzhen Composite slid 0.09% at 7:37 am CET. The S&P/ASX 200 in Australia added 0.21% at the closing bell.

The dollar decreased by 0.24% against the yen, going for 109.8130 at 7:39 am CET.

Breaking the News / GA