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Japan stocks erase gains as China virus fears offset tech earnings hopes


Friday, 24 January 2020 10:09 WIB

Saham Jepang


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Japanese shares gave up early gains on Friday to trade little changed as fears over a rising death toll from the new coronavirus in China outweighed hopes of an improvement in earnings of technology companies.

By 0159 GMT, the Nikkei index edged down 0.01% to 23,792.01, heading for a 1% weekly drop.

The markets started on a positive note as information technology and industrial equipment stocks rose following better-than-expected sales and profit forecasts from U.S. chipmaker Intel Corp.

But investors turned cautious after China said the death count rose to 25 from the coronavirus, with 830 confirmed cases as of Jan. 23 and as Chinese authorities placed two cities on lockdown to contain the virus.

Source: Reuters


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