Asian shares gain after solid U.S. data, focus on virus

The ADP National Employment Report showed private payrolls jumped 291,000 jobs in January, the most since May 2015, while a separate report showed U.S. services sector activity picked up last month. Both indicators suggest the economy could continue to grow moderately this year even as consumer spending slows.

The World Health Organization played down media reports on Wednesday of “breakthrough” drugs being discovered to treat people infected with the new coronavirus. Statistics from China indicate that about 2% of people infected with the new virus have died, suggesting it may be deadlier than seasonal flu but less deadly than SARS.

'Asian shares gain after solid U.S. data, focus on virus' But still China is not manufacturing; it is not doing trade. Not even covering its old contracts. IMO, it is normal to keep the quarantine! Not a problem! But on international trade and business it will be felt soon.

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