Asia opens mixed with a tilt lower

2020-02-18 08:36:26 GMT (Economies.com)
Asia opens mixed with a tilt lower

Asian stock indices opened the second session of the week mixed with China, Japan, Australia, and South Korea lower, while New Zealand gained ground, while Apple warned that quarterly revenue forecasts might be missed due to slower part supplies and weaker Chinese demand due to the coronavirus spread. 

 

The virus forced Apple to close most of its production in China alongside most of the retail shops, while only opening a few of them last week. 

 

Otherwise, the Chinese government expect revenue to decline and costs to increase in the future, bolstering bets on more financial stimuli to contain the coornavirus, which infected 70,000 so far and killed nearly 1700 people all over the world.

 

Japan's TOPEX tumbled 1.19%, while Nikkei 225 shed 1.22% to 23,237. 

 

China's CSI 300 declined 0.86%, while Shanghai dropped 0.49% to 2,868. 

 

Hong Kong's Hang Seng tumbled 1.30%, while South Korea's KOSPI swooned 1.47% to 2,209. 

 

New Zealand's NZX 50 rose 0.27%, while Australia's S&P/ASX 200 declined 0.33% to 7,101. 

 
 
 
  Symbol Last Change Chg.%
1.1135
0.0430
4.0163%
1.2455
0.0809
6.9509%
Tadawul
6376.62
49.70
0.79%
14.446
1.863
14.810%
21.828
-1.600
6.830%
24.84
-1.50
5.69%
1620.150
122.735
8.197%
 
 
US
 
Europe
 
Asia