Asian Market, Rebound, Short-Term Impact

Asian Market, Rebound

Asian markets rebound on hopes for limited virus impact

Asian markets rebound on hopes for limited virus impact

19.2.2020

Asian markets rebound on hopes for limited virus impact

HONG KONG: Asian markets rebounded on Wednesday (Feb 19) as hopes the Covid-19 (coronavirus) outbreak will have only a short-term impact on corporate earnings and economic growth prevailed.

After four straight sessions in the red, Tokyo's benchmark Nikkei 225 index closed up 0.9%.

Anne Anderson of UBS Asset Management in Sydney played down concerns.

The optimism flowed into European markets, with the major bourses opening higher.

Not everyone is convinced the economic impact will be fleeting, however, suggesting Wednesday's gains could be temporary.

Brent Crude was up 0.8 percent and West Texas Intermediate was 0.9% higher. - AFP

Read more: The Star

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