Mainland Chinese stocks edged higher, with the Shanghai Composite up around 0.5%, Hong Kong’s Hang Seng index and the Topix index gained 0.3% each. In Japan, the Nikkei 225 slipped nearly 0.73%, the Kospi and S&P/ASX 200 in Australia slipped in today’s trade.
Meanwhile, EIA crude inventory data due today.
According to the media reports, WHO officials warn that there’s a lag between rising cases and increasing deaths. It takes weeks after contracting the virus to fall seriously ill and potentially die from the coronavirus.
Overnight on Wall Street, the S&P 500 slid 1.1% to finish its trading day at 3,145.32 while the Nasdaq Composite closed 0.9% lower at 10,343.89. The Dow Jones Industrial Average dropped 396.85 points, or 1.5%, to end its trading day at 25,890.18. Both the Nasdaq and S&P 500 snapped five-day winning streaks. The Dow posted its first decline in three sessions.