This article is from the source 'washpo' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at https://www.washingtonpost.com/world/the_americas/asian-shares-mostly-rise-despite-continuing-virus-fears/2020/02/18/15732950-52d3-11ea-80ce-37a8d4266c09_story.html

The article has changed 10 times. There is an RSS feed of changes available.

Version 3 Version 4
Global shares mostly rise while virus fears continue Global shares mostly rise but virus fears continue
(about 4 hours later)
TOKYO — Globalshares mostly rose Wednesday, despite overnight losses on Wall Street and continuing fears about the outbreak of a new virus that began in China. TOKYO — Globalshares mostly rose Wednesday though investors continued to monitor the impact of the outbreak of a new virus that began in China.
France’s CAC 40 rose 0.3% in early trading to 6,077.14. Germany’s DAX gained 0.4% to 13,730.90, while Britain’s FTSE 100 edged up 0.6% to 7,428.06. U.S. shares were set to drift higher with Dow futures rising 0.2% to 29,270. S&P 500 futures were also up 0.2%, at 3,375.50. France’s CAC 40 rose 0.6% to 6,093, while Germany’s DAX gained 0.5% to 13,745. Britain’s FTSE 100 gained 0.7% to 7,433. U.S. shares were set to drift higher with Dow and S&P 500 futures both up 0.3%.
Japan’s benchmarkNikkei 225 rose0.9% to finish at 23,400.70.Australia’s S&P/ASX 200 added 0.4% to 7,144.60. South Korea’s Kospiedged up 0.1% to 2,210.34.Hong Kong’s Hang Seng added0.5% to 27,655.81,while the Shanghai Composite gave up earlier gains, edging 0.3% lower to 2,975.40.Japan’s benchmarkNikkei 225 rose0.9% to finish at 23,400.70.Australia’s S&P/ASX 200 added 0.4% to 7,144.60. South Korea’s Kospiedged up 0.1% to 2,210.34.Hong Kong’s Hang Seng added0.5% to 27,655.81,while the Shanghai Composite gave up earlier gains, edging 0.3% lower to 2,975.40.
Adding to optimism, new virus cases in China have been falling, with 1,749 new infections and 136 new deaths announced on Wednesday. But data are showing disruptions to manufacturing, retailing and tourism. Adding to optimism, new virus cases in China have been falling, with 1,749 new infections and 136 new deaths announced on Wednesday. But data are showing disruptions continue to manufacturing, retailing and tourism.
“Collapse in demand due to COVID-19 remains the key worry for the markets across the globe as the disease continues its spread,” said Prakash Sakpal, economist for Asia at ING.“Collapse in demand due to COVID-19 remains the key worry for the markets across the globe as the disease continues its spread,” said Prakash Sakpal, economist for Asia at ING.
Japan reported its third straight month trade deficits in January and like the rest of Asia is enduring a downturn in tourism. Some controls have been set on travel to and from China and other places suffering from outbreaks of the virus.Japan reported its third straight month trade deficits in January and like the rest of Asia is enduring a downturn in tourism. Some controls have been set on travel to and from China and other places suffering from outbreaks of the virus.
Trade is likely to be a “major drag” on Japan’s economic growth this quarter, Tom Learmouth of Capital Economics said in a commentary. He is forecasting a 0.6% decrease in GDP in the January-March quarter linked to disruptions from the virus.Trade is likely to be a “major drag” on Japan’s economic growth this quarter, Tom Learmouth of Capital Economics said in a commentary. He is forecasting a 0.6% decrease in GDP in the January-March quarter linked to disruptions from the virus.
The gains in Asian trading followed a modest loss on U.S. stock indexes, which gave up some of their solid gains from the past two weeks.The gains in Asian trading followed a modest loss on U.S. stock indexes, which gave up some of their solid gains from the past two weeks.
ENERGY: Benchmark crude oil rose44 cents to $52.73a barrel in electronic trading on the New York Mercantile Exchange. Brent crude oil, the international standard, rose 45 cents to $58.20a barrel. ENERGY: Benchmark crude oil rose 68cents to $52.73a barrel in electronic trading on the New York Mercantile Exchange. Brent crude oil, the international standard, rose 74 cents to $58.49a barrel.
CURRENCIES: The dollar rose to110.20Japanese yen from 109.87 yen on Tuesday. The euro inched up to$1.0802from $1.0792. CURRENCIES: The dollar rose to110.48Japanese yen from 109.87 yen on Tuesday. The euro inched up to$1.0798from $1.0792.
______
Yuri Kageyama is on Twitter https://twitter.com/yurikageyamaYuri Kageyama is on Twitter https://twitter.com/yurikageyama
Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.