Nikkei 225 closes lower by 2.13% at 21,948.23

Author: Justin Low | Category: News

Asian markets slump on growing coronavirus pandemic fears

Nikkei 27-02
The losses sustained also mirrors the sour mood in Wall Street overnight as well as heightened worries to start the new day. US futures are down by ~1.3% currently with 10-year yields having briefly touched a new record under 1.30% earlier in the session.ForexLive

The standout performer remains Chinese stocks with the Shanghai Composite up by 0.1% on the day, as the situation in mainland China appears to be getting better - investors also can take heart in additional stimulus by local authorities.

In the currencies space, USD/JPY flirts with a drop back under 110.00 to start the session while the franc also remains firm on the softer risk mood ahead of European trading.

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