Fears over Coronavirus Pressure Stocks in Asia to Open Lower, Kospi Drops 4.6%!

Fluctuating and volatile sessions continue among Asia stock markets as the outbreak of coronavirus remained the major concern after the infectious cases outside mainland China kept on rising.

 

As of 9:05 (GMT+7) in Bangkok on Thursday, March 19, 2020, Nikkei just dipped 0.23% after stood in positive territory by 0.17% a while ago, SSEC lost 0.84%, HSI dropped 1.43%, ASX 200 plunged 1.09% and Kospi fell 4.65%.

 

Over the night, the New York Stock Exchange (NYSE) triggered the “Circuit Breaker” for the fourth time in two weeks. Dow Jones closed the day at 19,898.92 points, dropped 1,338.46 points or 6.30%. S&P 500 fell 5.18% and Nasdaq plunged 4.70%.

 

During yesterday’s trading session, NYSE had to temporarily close the trading floor after two people tested positive for the coronavirus at screenings. However, traders could still use electronic trading.

In addition to prevent the spreading of coronavirus, the U.S. and Canada had a mutual agreement to close the border for non-essential traffic.