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TOKYO: Asian shares steadied on Friday in holiday-thinned trade for the Lunar New Year, despite fears that a new coronavirus from China could spread rapidly as millions of people travel over the week-long break.
China's National Health Commission said on Friday morning (Jan 24) the confirmed cases of the new coronavirus had risen to 830 with 26 deaths. The first death was also confirmed outside the central province of Hubei, where the capital, Wuhan, has been the epicentre of the outbreak.
WUHAN: China sealed off millions more people near the epicentre of a virus outbreak on Friday (Jan 24), shutting down public transport in an eighth city in an unprecedented quarantine effort as the death toll climbed to 26. The virus that emerged in the central city of Wuhan has now infected 830 people, the national health commission said.
TOKYO: Asian shares held their ground on Friday as trade slowed for the Lunar New Year, despite investors fears that a new coronavirus in China could spread faster as millions of people would be travelling over the week-long holiday.
NEW YORK: The S&P 500 ended slightly higher and the Nasdaq eked out a record closing high on Thursday, helped by a jump in Netflix, while news about the coronavirus outbreak spreading from China and mixed earnings results kept a lid on the market.
NEW YORK: The biggest tumble in Chinese stocks in more than eight months led global equity markets lower on Thursday as concern mounted about the coronavirus outbreak in China.
KUALA LUMPUR: Here is an interesting observation – parents today bend over backwards to ensure their children get the best of education because good education equals good employment prospects.
KUALA LUMPUR: Malaysia is offering airwaves for 5G networks at little cost to carriers to reduce the investment needed for the speedier wireless service, a model followed by China in its rollout of the technology last year.
BEIJING (China Daily/ANN): The operations of multinational companies in China have changed over time, moving up the global value chain as the country has diverted its focus.