{"id":39266,"date":"2020-02-19T18:18:24","date_gmt":"2020-02-19T07:18:24","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=39266"},"modified":"2020-02-19T18:19:12","modified_gmt":"2020-02-19T07:19:12","slug":"wednesday-19th-february-asian-markets-mostly-higher-as-new-coronavirus-cases-continue-to-slow","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/wednesday-19th-february-asian-markets-mostly-higher-as-new-coronavirus-cases-continue-to-slow\/","title":{"rendered":"Wednesday 19th February: Asian markets mostly higher as new coronavirus cases continue to slow"},"content":{"rendered":"<h3 aria-level=\"3\"><span data-contrast=\"none\">Global Markets:<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559738&quot;:40,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/h3>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"15\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Asian Stock\u00a0<\/span><span data-contrast=\"auto\">Markets :<\/span><span data-contrast=\"auto\">\u00a0Nikkei up 0.89%, Shanghai Composite down 0.34%, Hang Seng up 0.42%, ASX up 0.43%<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"15\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">Commodities :<\/span><span data-contrast=\"auto\">\u00a0Gold at $1605.75 (+0.13%), Silver at $18.25 (+0.53%), Brent Oil at $58.12 (+0.64%), WTI Oil at $52.69 (+0.76%)<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"15\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"auto\">Rates :<\/span><span data-contrast=\"auto\">\u00a0US 10-year yield at 1.563, UK 10-year yield at 0.609, Germany 10-year yield at -0.407<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<\/ul>\n<h3 aria-level=\"3\"><span data-contrast=\"none\">News &amp; Data:<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559738&quot;:40,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/h3>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"13\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">(AUD) Wage Price Index q\/q 0.50% vs 0.50% expected<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"13\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">(CAD) Manufacturing Sales m\/m -0.70% vs 0.80% expected<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"13\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"auto\">(EUR) German ZEW Economic Sentiment 8.7 vs 20 expected<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"13\" aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"auto\">(GBP) Average Earnings Index 3m\/y 2.90% vs 3.10% expected<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"13\" aria-setsize=\"-1\" data-aria-posinset=\"5\" data-aria-level=\"1\"><span data-contrast=\"auto\">Japan government to keep view economy recovering despite virus risk: sources<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<\/ul>\n<h3 aria-level=\"3\"><span data-contrast=\"none\">Markets Update:<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559738&quot;:40,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/h3>\n<p><span data-contrast=\"auto\">Asian stock markets are mostly higher on Wednesday despite the mostly negative cues overnight from Wall Street, as investors shrugged off worries about the impact of the coronavirus outbreak.<\/span><span data-contrast=\"auto\">\u00a0<\/span><span data-contrast=\"auto\">While the cumulative death toll in China related to the coronavirus outbreak topped 2,000, new confirmed cases of coronavirus infections on the mainland has declined on Tuesday from a day earlier.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Mainland Chinese stocks rose in the morning<\/span><span data-contrast=\"auto\">, before dropping later on<\/span><span data-contrast=\"auto\">. The Shanghai composite and the Shenzhen component\u00a0<\/span><span data-contrast=\"auto\">both lost\u00a0<\/span><span data-contrast=\"auto\">0.<\/span><span data-contrast=\"auto\">3<\/span><span data-contrast=\"auto\">%.<\/span><span data-contrast=\"auto\">\u00a0<\/span><span data-contrast=\"auto\">Japan\u2019s Nikkei 225 returned to positive territory, jumping\u00a0<\/span><span data-contrast=\"auto\">0.9<\/span><span data-contrast=\"auto\">% after slipping more than 1% the day before. The\u00a0<\/span><span data-contrast=\"auto\">Topix<\/span><span data-contrast=\"auto\">\u00a0was up 0.<\/span><span data-contrast=\"auto\">4<\/span><span data-contrast=\"auto\">%.<\/span><span data-contrast=\"auto\">\u00a0<\/span><span data-contrast=\"auto\">Japan released its trade data for January, showing that exports fell 2.6% year-on-year, less than the 6.9% drop expected by economists in a Reuters poll.<\/span><span data-contrast=\"auto\">\u00a0<\/span><span data-contrast=\"auto\">Australia\u2019s ASX 200 rose 0.<\/span><span data-contrast=\"auto\">4<\/span><span data-contrast=\"auto\">% by the end of the morning. Gold stocks surged as prices of the safe-haven asset jumped again.<\/span><span data-contrast=\"auto\">\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Oil prices jumped back up in the morning during Asia hours after falling with stocks on Tuesday.<\/span><span data-contrast=\"auto\">\u00a0<\/span><span data-contrast=\"auto\">The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 99.426, rising from an earlier low of 99.139.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<h3 aria-level=\"3\"><strong>Upcoming Events:\u00a0<\/strong><\/h3>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"14\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">09:30 AM GMT &#8211; (GBP) CPI y\/y<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"14\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">09:30 AM GMT &#8211; (GBP) PPI Input m\/m<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"14\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"auto\">01:30 PM GMT &#8211; (CAD) CPI m\/m<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"14\" aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"auto\">01:30 PM GMT &#8211; (CAD) Common CPI y\/y<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"14\" aria-setsize=\"-1\" data-aria-posinset=\"5\" data-aria-level=\"1\"><span data-contrast=\"auto\">01:30 PM GMT &#8211; (CAD) Median CPI y\/y<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"14\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">01:30 PM GMT &#8211; (CAD) Trimmed CPI y\/y<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"14\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">01:30 PM GMT &#8211; (USD) Building Permits<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"14\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"auto\">01:30 PM GMT &#8211; (USD) Core PPI m\/m<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"14\" aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"auto\">01:30 PM GMT &#8211; (USD) PPI m\/m<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"14\" aria-setsize=\"-1\" data-aria-posinset=\"5\" data-aria-level=\"1\"><span data-contrast=\"auto\">07:00 PM GMT &#8211; (USD) FOMC Meeting Minutes<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets:\u00a0 Asian Stock\u00a0Markets :\u00a0Nikkei up 0.89%, Shanghai Composite down 0.34%, Hang Seng up 0.42%, ASX up 0.43%\u00a0 Commodities :\u00a0Gold at $1605.75 (+0.13%), Silver at $18.25 (+0.53%), Brent Oil at $58.12 (+0.64%), WTI Oil at $52.69 (+0.76%)\u00a0 Rates :\u00a0US 10-year yield at 1.563, UK 10-year yield at 0.609, Germany 10-year yield at -0.407\u00a0 News &amp; &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/wednesday-19th-february-asian-markets-mostly-higher-as-new-coronavirus-cases-continue-to-slow\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 19th February: Asian markets mostly higher as new coronavirus cases continue to slow<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":38705,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[339],"tags":[],"class_list":["post-39266","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-recent-posts"],"_links":{"self":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/39266","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/comments?post=39266"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/39266\/revisions"}],"predecessor-version":[{"id":39268,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/39266\/revisions\/39268"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/38705"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=39266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=39266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=39266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}