Asian
shares fell during Thursday’s trading, as there was no sound above the Corona
virus and the concern it raises in global markets about the impact of the virus
on the global economy.

Australia
S&P/ASX 200 finished 1.36 percent down at 6,994.46 and South Korea’s Kospi
index descended by 3.09 percent to 2,176.72, mainly affected by the losses
experienced by tourism companies due to the cancellation of flights to China.

In
Japan, Nikkei 225 index slumped 0.55 percent to 23,215.71 points.

Hong
Kong’s stock exchange will reopen on Wednesday whilst markets in mainland China
will return from the lunar new year holiday next Monday
.

This
decline in Asian shares is due to the Coronavirus and the developments
surrounding it in the current period.

The
Corona virus continues to create confusion in global markets amid the
announcement of new cases within China as the death toll rises, and the
infection has spread to other countries.

Officials
in China said that 2,861 people inside the country had contracted rapidly
spreading infections, including 461 people in critical condition.

Meanwhile,
the death toll has risen to 81, up from just 26 at the end of last week.

Globally,
the detection of Corona-infected cases is on the rise, with 12 countries
declaring the emergence of Corona.

Last
week, World Health Organization (WHO) refused to declare a global emergency due
to the Chinese virus, saying the situation was only too serious inside China.

Overnight,
U.S. stock indexes fell at the fastest pace since October at the close of
Monday’s trading.

The
Dow Jones Industrial Average fell 1.6 percent to 28,535 points, losing 453
points, where the industrial index posted its biggest daily losses since
October 2, as did the S&P500, which fell 1.6 percent to 3,244 points. NASDAQ
slumped by 1.89 percent to 9,139.31.

Meanwhile, the dollar
index, which measures the performance of six major currencies against the US
dollar, surged 0.04 percent at 97.80.

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