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Asian Stocks Perk Up, Safe-Havens Pullback on Hopes for China Stimulus


Wednesday, 5 February 2020 08:46 WIB

MSCI Asia PacificSaham AsiaBursa Asia


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Asian stocks steadied on Wednesday on hopes of additional Chinese stimulus to lessen the economic impact of a coronavirus outbreak, but risks remain as the illness continues to spread and the death toll neared 500.

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.3%. Australian shares were up 0.58%, while Japan's Nikkei stock index rose 1.19%.

The safe-haven yen and Swiss franc nursed losses versus the dollar while the yuan held on to gains in offshore trade in a tentative sign of improvement in risk appetite as investors monitor the impact of the virus.

Source : Reuters


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