4/21, 7:33 AM (Source: TeleTrader)
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Asia trades mostly lower amid COVID-19 concerns

Major stock exchanges in Asia traded mostly lower on Wednesday after the number of coronavirus cases soared on the continent, primarily due to the record-breaking resurgence of the disease in India. Also, a senior United States military official warned that North Korea's actions "threaten regional stability." Meanwhile, Fujifilm revealed that clinical testing of the Avigan drug treatment's effectiveness against the coronavirus entered its third phase.

The Nikkei 225 index was 2.00% lower at 7:27 am CET. The Shanghai Composite was flat at 7:12 am CET, while the Shenzhen Composite Index was up 0.32% at 7:27 am CET and the Hang Seng fell by 1.68% a minute later. The Kospi dropped 1.61% at 7:28 am CET. The S&P/ASX 200 in Australia lost 0.62% at the same time.

The dollar was 0.07% down compared to the yen, going for 108.0255 at 7:29 am CET.

Breaking the News / MS