TOKYO: Stocks made a barely positive start in early Asian trade on Friday after the world's health body called it a little too early to declare a coronavirus outbreak a global emergency.
Trade in Asia is already slowing down for the Lunar New Year holiday, with financial markets in China, Taiwan and South Korea closed on Friday. The Nasdaq Composite rose 0.2per cent to a record closing high, while the S&P 500 added 0.1per cent and the Dow Jones Industrial Average eased 0.1per cent.The WHO called a new coronavirus that has killed 18 people in China and infected around 650 globally"an emergency in China" on Thursday, but stopped short of declaring the epidemic of international concern.
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