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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

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...

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RECENT NEWS

Stocks in Asia declined in Friday morning trade as the number of coronavirus cases in mainland China rose to more than 800, with the death toll increasing to 25. Hong Kong’s Hang Seng index fell 0.42% in early trade, with stocks set to close early...

Hong Kong shares were flat in Friday's opening trade as the market stabilised following a week of investor nerves over China's coronavirus outbreak. The Hang Seng index was down 0.02 percent, or 6.28 points, to start the day at...

Tokyo stocks open high

Friday, 24 January 2020 07:20 WIB Saham Jepang

Tokyo stocks opened higher on Friday, propped up by a calm session on Wall Street despite caution from investors over a new deadly virus from China. The benchmark Nikkei 225 index rose 0.25 percent or 59.38 points to 23,854.82 in early trade while...

Hong Kong equities closed sharply lower on Thursday as investors took flight over the deadly SARS -like virus that has spread from China. The Hang Seng Index fell 1.52 percent, or 431.92 points, to end at 27,909.12. The benchmark Shanghai...

The S&P 500 ended slightly higher and the Nasdaq eked out a record high close on Thursday, helped by a jump in Netflix, while news about the coronavirus outbreak spreading from China and mixed earnings results kept a lid on the market. Based...

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