{"id":39104,"date":"2020-02-13T22:45:37","date_gmt":"2020-02-13T11:45:37","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=39104"},"modified":"2020-02-13T22:45:37","modified_gmt":"2020-02-13T11:45:37","slug":"asian-markets-lower-as-hubei-reports-14000-new-coronavirus-infections","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/asian-markets-lower-as-hubei-reports-14000-new-coronavirus-infections\/","title":{"rendered":"Asian markets lower as Hubei reports 14000 new Coronavirus infections"},"content":{"rendered":"<h3><strong>Global Markets:<\/strong><\/h3>\n<ul>\n<li>Asian Stock Markets : Nikkei down 0.14%, Shanghai Composite down 0.71%, Hang Seng down 0.39%, ASX up 0.21%<\/li>\n<li>Commodities : Gold at $1577.95 (+0.40%), Silver at $17.62 (+0.69%), Brent Oil at $55.62 (-0.30%), WTI Oil at $51.16 (-0.02%)<\/li>\n<li>Rates : US 10-year yield at 1.590, UK 10-year yield at 0.614, Germany 10-year yield at -0.404<\/li>\n<\/ul>\n<h3><strong>News &amp; Data:<\/strong><\/h3>\n<ul>\n<li>(JPY) PPI y\/y 1.70% vs 1.50% expected<\/li>\n<li>(USD) Federal Budget Balance -32.6B vs -10.7B expected<\/li>\n<li>(USD) 10-y Bond Auction 1.62|2.6 vs 1.87|2.4 previous<\/li>\n<li>(USD) Crude Oil Inventories 7.5M vs 3.1M expected<\/li>\n<li>(GBP) CB Leading Index m\/m 0.00% vs -0.20% previous<\/li>\n<li>(EUR) German 10-y Bond Auction -0.38|1.2 vs -0.25|1.2 previous<\/li>\n<li>(EUR) Industrial Production m\/m -2.10% vs -1.80% expected<\/li>\n<\/ul>\n<h3><strong>Markets Update:<\/strong><\/h3>\n<p>Asian stock markets are mixed on Thursday despite the positive cues overnight from Wall Street and higher commodity prices. Investors are cautious after China&#8217;s Hubei province, the epicenter of the coronavirus outbreak, reported a sharp increase in the number of new coronavirus cases.<\/p>\n<p>Hubei province reported an additional 242 deaths and 14,480 new cases related to the coronavirus, as of February 12. However, the province said the increase came after officials adopted a new methodology for counting infections.<\/p>\n<p>Mainland Chinese stocks reversed earlier gains and remained lower by the afternoon, with the Shanghai composite and the Shenzhen component both declining about 0.7%. Hong Kong\u2019s Hang Seng index shed 0.4%. In Japan, the Nikkei 225 fell 0.1% in afternoon trade while the Topix index was 0.3% lower. Shares of conglomerate Softbank Group declined after Wednesday\u2019s blockbuster surge, falling more than 2.5% in afternoon trade, with the moves on Thursday coming after the firm posted a near wipe out of its quarterly profit. Meanwhile, South Korea\u2019s Kospi added 0.2% as shares of chipmaker SK Hynix surged more than 2%. Stocks in Australia were also higher, with the S&amp;P\/ASX 200 up 0.2%.<\/p>\n<p>The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 99.007 after an earlier low of 98.980. The Japanese yen, often seen as a safe-haven currency in times of economic uncertainty, traded at 109.88 per dollar following an earlier low of 110.09.<\/p>\n<h3><strong>Upcoming Events:<\/strong><\/h3>\n<ul>\n<li>10:00 AM GMT &#8211; (EUR) EU Economic Forecasts<\/li>\n<li>01:30 PM GMT &#8211; (USD) CPI m\/m<\/li>\n<li>01:30 PM GMT &#8211; (USD) Core CPI m\/m<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei down 0.14%, Shanghai Composite down 0.71%, Hang Seng down 0.39%, ASX up 0.21% Commodities : Gold at $1577.95 (+0.40%), Silver at $17.62 (+0.69%), Brent Oil at $55.62 (-0.30%), WTI Oil at $51.16 (-0.02%) Rates : US 10-year yield at 1.590, UK 10-year yield at 0.614, Germany 10-year yield &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/asian-markets-lower-as-hubei-reports-14000-new-coronavirus-infections\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Asian markets lower as Hubei reports 14000 new Coronavirus infections<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":39106,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[339],"tags":[],"class_list":["post-39104","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-recent-posts"],"_links":{"self":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/39104","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/comments?post=39104"}],"version-history":[{"count":1,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/39104\/revisions"}],"predecessor-version":[{"id":39107,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/39104\/revisions\/39107"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/39106"}],"wp:attachment":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=39104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=39104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=39104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}