Asia Stocks Trade Higher as Investors Simmer Down after the Worst-Day Drop since 2008
Asia Stocks Trade Higher as Investors Simmer Down after the Worst-Day Drop since 2008.
Asia stocks bounced back on Tuesday after one of the most drop in a decade yesterday due to concerns over the spread of coronavirus and the oil price war between the USA, Saudi Arabia and Russia, posting a new negative factor to the market, especially the energy sector.
SSEC rose 0.16%, HSI edged 0.58% higher, ASX 200 hiked 1.43%, Kospi gained 0.21% but Nikkei still downed 0.92%.
However, analysts stated that the market is still in a volatile state, and a tiny spark could make everything crumble. It is advised that investors should be cautious in trading and keep monitoring the development of the coronavirus and oil price war situation.
