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Asian stocks rise as Apple drives tech gains, virus worries ease


Wednesday, 29 January 2020 08:17 WIB

Saham Asian Indeks MSCI Asia Pasifikindeks SP/ASX 200


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Asian shares rose on Wednesday as better-than-expected Apple Inc earnings drove some regional tech gains although broader confidence was capped by worries about the economic impact of China's virus outbreak.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2%, ending four days of losses. Australian shares rose 0.41%, while Japan's Nikkei stock index .N225 rose 0.27%.

While China's flu-like illness, which has killed more than 100, continues to keep markets on edge, there were signs investors see the recent rout in asset prices as overdone.

Long-term U.S. Treasury yields traded above short-term yields and the Japanese yen nursed losses as investors pulled back from safe-havens in favor of more risky assets like equities.

Source : Reuters


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