Asia stocks set to decline; investors await China's tariff cuts on some US products

Futures pointed to a lower open for Japanese stocks, while shares in Australia were little changed in early trade.

Investors will continue to watch for developments on the coronavirus outbreak following Thursday's spike in the number of cases reported after Hubei changed the way cases are diagnosed. China is also set to halve tariff rates on certain U.S. products worth $75 billion with effect later on Friday, as previously announced by Beijing in early February.

Stocks in Asia were set to trade lower at the open on Friday as concerns around the ongoing coronavirus outbreak continue to weigh on investor sentiment. Futures pointed to a lower open for Japanese stocks. The Nikkei futures contract in Chicago was at 23,720 while its counterpart in Osaka was at 23,730. That compared against the

Gut feeling is that Xi is suspicious that Trump administration may have some part in the outbreak to benefit trade negotiations. May have some credibility since Xi has already backed off some tariffs and is reluctant to allow CDC into country.

Wait till they see death rate with correct maths at this site! Asia is shutting down. In Australia people won’t go to Chinese restaurants but market goes on regardless.

Lol

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