Asian stocks fall to 7-week low as China virus fears dampen demand

30.01.2020 - Kulakov Vladimir
Asian stocks fall to 7-week low as China virus fears dampen demand

Asian stocks fall to 7-week low as China virus fears dampen demand

Asian stocks and currencies performed poorly on Thursday as the death toll from the China virus rose. Confirmed cases across the around the world also dampened demands.

Federal Reserve Chairman Jerome Powell on Wednesday acknowledged on Wednesday the risks of the virus’ impact on the world’s second-largest economy but added that damage it could cause on the U.S. would be too early to assess.

MSCI’s broadest index of Asia-Pacific shares outside Japan fell by 1.7% to a near 7-week low. Currently, it has dropped for 6 straight sessions.

Taiwan’s benchmark index slid down by 4.9%, marking it its biggest daily drop in 15 months.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue

Help with deposit?