- Title: Japan stocks rise, Hong Kong, South Korea slide amid virus fears
- Date: 23rd March 2020
- Summary: TOKYO, JAPAN (MARCH 23, 2020) (REUTERS) STAFF WORKING DESKS AT TOKYO STOCK EXCHANGE/ JAPAN EXCHANGE GROUP LOGO VARIOUS OF STAFF WORKING HONG KONG, CHINA (MARCH 23, 2020) (REUTERS) TRAFFIC IN HONG KONG CENTRAL BUSINESS DISTRICT PEDESTRIANS WALKING EXTERIOR OF HONG KONG EXCHANGE SQUARE ELECTRONIC TICKER SHOWING STOCK PRICES EXTERIOR OF HONG KONG EXCHANGE SQUARE/ SCREENS SHOWING STOCK PRICES VARIOUS OF SCREEN SHOWING HANG SENG INDEX CLOSING AT 21,696.13 POINTS EXTERIOR OF HONG KONG EXCHANGE SQUARE / FLAGS FLYING SEOUL, SOUTH KOREA (MARCH 23, 2020) (REUTERS) VARIOUS OF TRAFFIC ON STREETS AND PEOPLE IN FACE MASKS CROSSING ROAD INTERIOR OF DEALING ROOM AT KEB HANA BANK SCREEN SHOWING KOREA COMPOSITE STOCK PRICE INDEX (KOSPI) CLOSING AT 1,482.46 POINTS SCREENS SHOWING STOCK PRICE AND EXCHANGE RATES / DEALERS WORKING DEALER LOOKING AT MONITOR ELECTRONIC BOARDS SHOWING KOSPI AND USD/KRW EXCHANGE RATE VARIOUS OF DEALERS WORKING
- Embargoed: 6th April 2020 10:39
- Keywords: Hang Seng Index Hong Kong markets Japan KOSPI Nikkei 225 index South Korea Tokyo Stock Exchange new coronavirus
- Location: TOKYO, JAPAN / HONG KONG, CHINA / SEOUL, SOUTH KOREA
- City: TOKYO, JAPAN / HONG KONG, CHINA / SEOUL, SOUTH KOREA
- Country: Various
- Topics: Economic Events
- Reuters ID: LVA003C69T8AV
- Aspect Ratio: 16:9
- Story Text:Japanese stocks rebounded strongly on Monday (March 23) on optimism the Tokyo Olympics will not be cancelled after the possibility of a postponement was flagged by the International Olympic Committee (IOC) for the first time.
Japan's benchmark Nikkei 225 closed up 2.02% at 16,887.78 points. But overall sentiment remained fragile as U.S. stock futures and Asian shares sank as a rising tide of national lockdowns threatened to overwhelm policymakers' frantic efforts to cushion what is likely to be a deep global recession.
Hong Kong stocks fell by their most in nearly 26 months, with the benchmark Hang Seng Index down 4.86% to 21,696.13 points, posting its biggest drop since February 6, 2018. In South Korea, the KOSPI slipped 5.34% to 1,482.46 points, having fallen as much as 6.9% in early trade.
The mounting economic toll led to a major rally in sovereign bonds late last week, with efforts by central banks to restore liquidity in the market allowing for more two-way trade.
(Production: Yoyo Chow, Daewoung Kim, Hideto Sakai, Akiko Okamoto, Hyunyoung Yi) - Copyright Holder: REUTERS
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