Asia Pacific stocks dropped sharply in the middle of anxiety over deadly coronavirus

 Wednesday, January 29, 2020 


Asia Pacific stocks dropped sharply in the middle of anxiety over the outbreak of deadly coronavirus in the region. As the virus is spreading rapidly, what has become understandable to investors is that the outbreak will impact Chinese economy for a time with travel and tourism affecting the most at the start.


On Tuesday, Japan’s Nikkei 225 Index settled at 23215.71, down 127.80 or -0.55%. KOSPI Index of South Korea finished at 2176.72, down 69.41 or -3.09% and Australia’s S&P/ASX 200 closed at 6994.50, down 96.00 or 1.35%.


The stock markets of China and Hong Kong remained closed for the Lunar New Year holiday. However, when they reopen, they are expected to experience a major drop.


At 04:00 on January 27, 30 provinces (autonomous regions and municipalities) 1771 newly confirmed cases have been reported with 515 severe cases, and 26 new deaths (24 in Hubei Province, 1 in Beijing, Hainan). 1 case in the province), 9 new cases got right treatment and discharged, and 2077 new cases were suspected.


As of 24:00 on January 27, the National Health and Health Commission received about 4,515 confirmed cases, 30 of which were 976 cases of severe cases, 106 cases of deaths, and 60 cases of discharged patients. There are 6973 suspected cases.


Currently, 47,833 close contacts have been tracked. Of the 914 people who were discharged from medical observation on the same day, 44,132 people are receiving medical observation, at present.


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