TOKYO - Global share markets nudged higher on Wednesday amid hopes the worst of the coronavirus in China may have passed, although prevailing uncertainty about the outbreak kept investors wary.
The yuan gained slightly in onshore trade and safe-havens such as Treasuries, the yen and the Swiss franc were marginally weaker in a sign of slowly improving sentiment. The number of new cases in Hubei, the province at the epicenter of the outbreak, was 1,068 as of Tuesday, down from a peak of over 3,000 new cases on Feb. 4, and the lowest number of new infections since Jan. 31.
During the time of Lunar New Year, the Spring festival of China, a deadly outbreak of the coronavirus has emerged in the city of Wuhan. The question then arises,'What is the coronavirus? How dangerous is it?.' Facts Coronavirus Health Epidemic
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