Asia stocks mixed as traders mull jump in coronavirus numbers from new counting method

SYDNEY - Stocks were mixed in Asian trading on Thursday as investors mulled over the implications of a surge in the number of coronavirus cases in Hubei, after it deployed a revised methodology.

Investor sentiment has improved in recent sessions amid speculation the impact from the coronavirus outbreak on global growth would be short-lived. A gauge of global equities hit a record high yesterday. By contrast, Andrew Collier, a managing director at Orient Capital Research in Hong Kong, said"we knew that there was a lot of bad testing going on, and that there was a lot of underreporting. So they're actually starting to report actual figures, and that's encouraging."

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Asia stocks inch higher as new coronavirus cases fall; STI up 0.2%TOKYO (REUTERS) - Asian shares and Wall Street futures nudged higher on Wednesday (Feb 12) amid hopes the worst of the coronavirus in China may have passed, although prevailing uncertainty about the outbreak has kept investors wary.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »