What a difference a day makes
China’s stock markets steadied and Asian stocks recovered some losses after falling back on Monday. However, sentiment remains fragile as investors continue to fret over the growing human and economic costs of the coronavirus outbreak.
Japan’s Nikkei 225 climbed nearly 0.50%, and Hong Kong’s Hang Seng regained 1.3%. China’s Shanghai Composite gained 1.2%.
U.S futures joined in to regain some losses and look set to open higher later. European markets opened up in early trade Tuesday morning.
The FTSE 100 climbed to 7440 as at 08:30 GMT Tuesday 4th February.
Oil prices continue sustained fall on demand fears.
The coronavirus claimed its first victim in Hong Kong as cases in mainland China rose above 20,000. There have now been two recorded deaths attributable to the virus outside of mainland China.