Hong Kong Exchanges and Clearing Ltd (HKEX) warned the coronavirus outbreak had brought renewed uncertainty to its business, as it shrugged off political turmoil at home and abroad to post a small rise in annual profit on Wednesday.
Crude prices inched higher on Wednesday as investors covered short positions after three sessions of losses and eyed potential supply cuts, even as fears of a coronavirus pandemic deepened.
Here are some factors that may affect Middle East stock markets on Wednesday. Reuters has not verified the press reports and does not vouch for their accuracy.
China's yuan eased against the dollar on Wednesday, shrugging off a higher midpoint fixing by the central bank, as investors feared that the fast-spread of the coronavirus overseas could turn into a pandemic.
Chinese stocks recouped earlier losses to rise on Wednesday, as new coronavirus cases fell and investors expected further stimulus to support the world's second-largest economy.
Japanese Prime Minister Shinzo Abe on Wednesday called for sports and cultural events to be scrapped or curtailed for two weeks as the country battles to stem coronavirus contagion amid mounting concerns the 2020 Tokyo Olympics could be cancelled.
Hong Kong Exchanges and Clearing Ltd (HKEX) posted a higher annual profit on Wednesday, as the stock exchange operator managed to shrug off the impact from the political turmoil faced by the Asian financial hub in the second half.
Hong Kong unveiled a record budget deficit on Wednesday, as it boosted cash handouts to residents and tax concessions for companies to cushion the shock of often-violent protests and the outbreak of a coronavirus on the recession-hit economy.
(RTTNews) - Indian shares opened lower on Wednesday, extending losses to a fourth straight session as European and Asian countries scrambled to contain new coronavirus outbreaks and health officials in the U.S. warned that the deadly virus is certain to reach the country at some
South Korea likely snapped 14 months of declining exports in February, due to more working days in the month although analysts expect Asia's fourth-largest economy to show a sharp hit to trade from the coronavirus outside the headline figure.
The dollar nursed losses on Wednesday as rising expectations of a U.S. rate cut and warnings from U.S. health officials about the spread of the coronavirus called into question the perceived strength of U.S. financial assets.