A Wild Session in Asia Stock Markets as Concerns over Coronavirus Still Torment Investors

The shares of Asian stocks faced volatility in the morning session on January 29, 2020, after a plummet for the last few days, while unable to surge due to the concern over coronavirus that kept taking lives of Chinese people.

 

The Chinese National Health Commission stated that 1,459 new cases and 26 additional deaths have been confirmed, bringing the total number to 5,974 confirmed cases, with 132 deaths and 103 cured.

 

Hong Kong’s Hang Seng plunged 2.59%, mainly from the travel-related companies, on its first trading day after the holiday in celebration of the Lunar New Year.

Nikkei rose 0.44%, ASX 200 gained 0.66% and Kospi hiked 0.49%.

SET closed yesterday’s session at 1,513.26 points, declined 10.89 points or 0.71% with a trading value of 67.1 billion baht.

 

According to the data from the World Health Organization (WHO), there are 56 confirmed cases outside China in 14 countries as of January 28. Thailand confirmed that there are currently 14 confirmed cases in the country.