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Asian stocks slip as virus' regional spread spooks investors


Added 02-20-20 03:03:02am EST - “Asian stocks slipped and so did the region's currencies on Thursday, as vir...” - Reuters.com

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Posted By TheNewsCommenter: From Reuters.com: “Asian stocks slip as virus' regional spread spooks investors”. Below is an excerpt from the article.

SINGAPORE (Reuters) - Asian stocks slipped and so did the region’s currencies on Thursday, as virus cases rose in South Korea and Japan and investors quit local assets in favor of safety further afield.

China has reported a large drop in new cases and announced an expected interest rate cut to buttress its economy.

But that came together with a jump in infections in South Korea, two deaths in Japan and researchers finding that the pathogen spreads more easily than previously believed.

MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.3%, led by drops on Hong Kong’s Hang Seng and South Korea’s KOSPI.

E-mini futures for the S&P 500 traded a fraction softer and European futures fell 0.2%, while bonds firmed slightly.

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