Asian markets trade mixed; Nikkei 225 index gains 1.7%

In Japan, the Nikkei 225 gained 1.7%, the Topix index added 2.17%, the Shanghai Composite up 0.69%, while Hong Kong’s Hang Seng index dipped 0.45%. South Korea’s Kospi slipped 0.5%.

Mar 18, 2020 02:03 IST India Infoline News Service

Nikkei
Asian markets were trading mixed on Wednesday morning trade as stocks on Wall Street bounced back overnight on hopes of stimulus as the country grapples with the coronavirus outbreak.

In Japan, the Nikkei 225 gained 1.7%, the Topix index added 2.17%, the Shanghai Composite up 0.69%, while Hong Kong’s Hang Seng index dipped 0.45%. South Korea’s Kospi slipped 0.5%.

On the economy front, Japan’s exports declined 1% in February, according to provisional data released by the country’s Ministry of Finance on Wednesday

As per media statement, the White House is weighing a fiscal stimulus package worth anywhere from $850 billion to more than $1 trillion, part of which could include direct payments to Americans.

Globally, more than 190,000 have been infected by the coronavirus while at least 7,894 lives have been taken, the media news added.

Overnight, the Dow Jones Industrial Average rose 1,049 points, or 5.2%, to 21,237, the S&P 500 gained 143.06 points, or 6%, to 2,529 and the Nasdaq Composite added 430 points, or 6.23%, to 7,335.

Related Story