Asia Pacific stocks edge higher as investors continue to weigh impact of coronavirus [CNBC]
TOKYO ELECTRON UNSP/ADR (TOELY)
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Source: CNBC
Stocks in Asia Pacific rose in Friday morning trade after the World Health Organization (WHO) declined for a second day Thursday to formally designate a new coronavirus as a global health emergency . The Nikkei 225 rose 0.26% in early trade as shares of Tokyo Electron jumped 1.68%. The Topix index also gained 0.19%. Meanwhile, shares in Australia rose in morning trade, as the S&P/ASX 200 gained around 0.3%. Overall, the MSCI Asia ex-Japan index was largely flat. Major markets across the region such as China and South Korea are closed on Friday ahead of the Lunar New Year that starts on Saturday. Overnight on Wall Street, stocks closed little changed as investors weighed the impact of the ongoing coronavirus outbreak. The S&P 500 was 0.1% higher at 3,325.54 while the Nasdaq Composite rose 0.2% to a record closing high of 9,402.48. The Dow Jones Industrial Average , however, declined 26.18 points to 29,160.09. The moves stateside came after the WHO said it was "bit too early to consider
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Analyst Actions
- 10/9/24 - Sanford C. Bernstein