China stocks mixed as investors monitor the virus' potential impact on manufacturing [MSNBC.com]
HON HAI PRECSON S/GDR NEW (HNHPF)
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Source: MSNBC.com
Stocks in Asia declined in Monday morning trade, as investors monitor the ongoing virus outbreak's impact on Chinese manufacturers. Factories in China were set to return to work on Monday, but many are expected to remain shut for longer. Mainland Chinese stocks were mixed in early trade, with the Shanghai composite Hang Seng index The moves came following the release of Chinese inflation data for January. China's producer price index gained 0.1% in January, Reuters reported Monday citing official data. Consumer prices also rose 5.4% year-on-year, higher than a 4.9% increase expected by analysts in a Reuters poll. In Japan, the Nikkei 225 Kospi Meanwhile, the S&P/ASX 200 Overall, the MSCI Asia ex-Japan index traded 0.57% lower. Supply chains disrupted Developments on the ongoing coronavirus outbreak continue to be watched, with the death toll from the disease overtaking that of SARS Factories in China are scheduled to reopen on Monday after an extended holiday because of efforts to con
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