Asian equities unable to shake off coronavirus jitters this week
The Nikkei closes near the lows for the day and it a similar mood is being reflected across the region as coronavirus fears continue to cast a shadow over Asian equities this week. On the week, the Nikkei was down by 1.3%.
China is the major exception though as mainland stocks look set for a stronger close this week, despite paring earlier gains in the day currently. The CSI 300 index looks set to post nearly 4.0% gains this week despite keeping near flat levels today.
The Hang Seng is now down by 0.9% while US futures are down by 0.5% ahead of European morning trade. US Treasury 10-year yields are down by 2.9 bps to 1.486%.
The overall risk mood remains softer as we look towards the session ahead, and that should keep the likes of gold and the franc a bit more bid with the aussie and kiwi bearing the brunt of the beating still.
