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Feb. 13, 2020, 2:10 a.m. EST

Asian markets pressured as number of new COVID-19 cases spikes in China

Nikkei, Hang Seng retreat amid new uncertainty about outbreak

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By Marketwatch


Getty Images
A woman wears a protective mask as she walks to collect her train ticket at a nearly empty Beijing Station.

Asian markets came under pressure Thursday as the number of new coronavirus outbreak victims soared in China.

China’s Hubei province reported nearly 15,000 new cases of COVID-19 due to a change in diagnosis methodology, according to a statement by Hubei officials, which was reported by other media outlets such as the New York Times . Chinese officials said the change was made so that more patients could receive treatment, but the new numbers threw more uncertainty at the severity of the outbreak and China’s ability to contain it.

“The China announcement has shaken Asia’s confidence this morning” and “has poured a sizeable cold bucket of reality onto investors,” Jeffrey Halley, senior Asia-Pacific market analyst at Oanda, wrote in a note. “The argument that it was a one-off adjustment versus the integrity of China’s data collection has left Asian stock markets in somewhat of a limbo.”

Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK +1.78%   retreated 0.1% while Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -0.05%   slipped 0.2%. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +0.04%   declined 0.6% and the Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 +0.06%   fell 0.6%. South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +0.21%   advanced 0.3%, while benchmark indexes in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 +0.73%  , Singapore /zigman2/quotes/210597985/delayed SG:STI +1.28%  , Malaysia /zigman2/quotes/210598052/delayed MY:FBMKLCI +1.27%   and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX +0.11%   were mostly lower. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -0.67%   inched up 0.2%.

Among individual stocks, SoftBank /zigman2/quotes/207303954/delayed JP:9984 +3.73%   and Nissan /zigman2/quotes/208298710/delayed JP:7201 +0.53%   fell in Tokyo trading, while Honda /zigman2/quotes/200490352/delayed JP:7267 +0.29%   and Inpex /zigman2/quotes/206689846/delayed JP:1605 -0.60%   rose. In Hong Kong, Country Garden /zigman2/quotes/201681083/delayed HK:2007 +0.20%   and Tencent /zigman2/quotes/204605823/delayed HK:700 -2.02%   advanced, while CSPC Pharmaceutical /zigman2/quotes/200847219/delayed HK:1093 +0.39%   and China Life Insurance /zigman2/quotes/202359856/delayed HK:2628 -1.16%   fell. Samsung /zigman2/quotes/209800866/delayed KR:005930 -0.51%  rose in South Korea, while Beach Energy /zigman2/quotes/200513631/delayed AU:BPT -0.34%   sank in Australia.

On Wednesday, U.S. stocks ended higher, with all three major benchmarks registering all-time closing highs. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.14%   rose 275.08 points, or 0.9%, to end at 29,551.42, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.08%   added 21.70 points or 0.7%, to finish at 3,379.45. The Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP +0.68%   ended at 9,725.96, a gain of 87.02 points, or 0.9%.

Dow Jones Industrial Average /zigman2/quotes/210407078/delayed YM00 -0.15%  futures were down 119 points, or 0.4%, to 29,405.

Benchmark crude oil   was flat $51.14 a barrel. Brent crude oil   , the international benchmark, slipped 0.3% to $55.63 a barrel.

The dollar /zigman2/quotes/210561789/realtime/sampled USDJPY +0.0739%   fell 0.3% to 109.76 Japanese yen from 109.89 yen on Wednesday.

/zigman2/quotes/210597971/delayed
JP : Nikkei
23,249.61
+405.65 +1.78%
Volume: 0.00
Aug. 13, 2020 3:15p
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
25,230.67
-13.35 -0.05%
Volume: 1.76M
Aug. 13, 2020 4:08p
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,320.73
+1.46 +0.04%
Volume: 32.43B
Aug. 13, 2020 3:01p
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/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
2,216.47
+1.35 +0.06%
Volume: 40.37B
Aug. 13, 2020 3:00p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,437.53
+5.18 +0.21%
Volume: 907,218
Aug. 13, 2020 3:33p
loading...
/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
12,763.13
+92.78 +0.73%
Volume: 0.00
Aug. 13, 2020 1:33p
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
2,595.97
+32.77 +1.28%
Volume: 0.00
Aug. 13, 2020 5:20p
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/zigman2/quotes/210598052/delayed
MY : Malaysia
1,576.42
+19.78 +1.27%
Volume: 0.00
Aug. 13, 2020 5:05p
loading...
/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
5,239.25
+5.80 +0.11%
Volume: 0.00
Aug. 13, 2020 3:00p
loading...
/zigman2/quotes/210598100/delayed
AU : S&P ASX
6,091.00
-41.00 -0.67%
Volume: 874,605
Aug. 13, 2020 5:32p
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/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 6,423.00
+231.00 +3.73%
Volume: 18.66M
Aug. 13, 2020 3:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
¥12052.70 billion
Rev. per Employee
¥126.96M
loading...
/zigman2/quotes/208298710/delayed
JP : Japan: Tokyo
¥ 416.10
+2.20 +0.53%
Volume: 22.80M
Aug. 13, 2020 3:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
¥1619.62 billion
Rev. per Employee
¥85.36M
loading...
/zigman2/quotes/200490352/delayed
JP : Japan: Tokyo
¥ 2,763.00
+8.00 +0.29%
Volume: 4.48M
Aug. 13, 2020 3:00p
P/E Ratio
24.19
Dividend Yield
1.59%
Market Cap
¥4756.91 billion
Rev. per Employee
¥73.06M
loading...
/zigman2/quotes/206689846/delayed
JP : Japan: Tokyo
¥ 694.20
-4.20 -0.60%
Volume: 7.87M
Aug. 13, 2020 3:00p
P/E Ratio
N/A
Dividend Yield
3.46%
Market Cap
¥1019.81 billion
Rev. per Employee
¥291.81M
loading...
/zigman2/quotes/201681083/delayed
HK : Hong Kong
HK$ 10.26
+0.02 +0.20%
Volume: 7.43M
Aug. 13, 2020 4:08p
P/E Ratio
5.07
Dividend Yield
6.10%
Market Cap
HK$222.64 billion
Rev. per Employee
HK$3.60M
loading...
/zigman2/quotes/204605823/delayed
HK : Hong Kong
HK$ 510.00
-10.50 -2.02%
Volume: 27.25M
Aug. 13, 2020 4:08p
P/E Ratio
42.61
Dividend Yield
0.24%
Market Cap
HK$4944.40 billion
Rev. per Employee
HK$8.27M
loading...
/zigman2/quotes/200847219/delayed
HK : Hong Kong
HK$ 15.46
+0.06 +0.39%
Volume: 31.16M
Aug. 13, 2020 4:08p
P/E Ratio
27.42
Dividend Yield
1.08%
Market Cap
HK$115.06 billion
Rev. per Employee
HK$1.88M
loading...
/zigman2/quotes/202359856/delayed
HK : Hong Kong
HK$ 18.78
-0.22 -1.16%
Volume: 25.34M
Aug. 13, 2020 4:08p
P/E Ratio
7.98
Dividend Yield
4.26%
Market Cap
HK$1056.22 billion
Rev. per Employee
HK$7.60M
loading...
/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
58,700.00
-300.00 -0.51%
Volume: 22.09M
Aug. 13, 2020 3:30p
P/E Ratio
18.73
Dividend Yield
2.41%
Market Cap
₩393937.57 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/200513631/delayed
AU : Australia: Sydney
$ 1.45
-0.0050 -0.34%
Volume: 6.12M
Aug. 13, 2020 4:10p
P/E Ratio
5.78
Dividend Yield
1.38%
Market Cap
$3.32 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
27,936.30
-40.54 -0.14%
Volume: 221.91M
Aug. 13, 2020 1:52p
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,382.94
+2.59 +0.08%
Volume: 1.11B
Aug. 13, 2020 1:52p
loading...
/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
11,086.99
+74.75 +0.68%
Volume: 2.04M
Aug. 13, 2020 1:52p
loading...
/zigman2/quotes/210407078/delayed
US : U.S.: CBOT
$ 27,825.00
-41.00 -0.15%
Volume: 93,105
Aug. 13, 2020 12:42p
loading...
/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
106.9710
+0.0790 +0.0739%
Volume: 0.0000
Aug. 13, 2020 1:52p
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