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Tokyo's Nikkei opens down more than 2% on China virus fears

Tokyo's key Nikkei index dropped more than two percent at the open on Monday on concerns over the potential impact of a new coronavirus that has killed 80 people in China. The benchmark Nikkei 225 index lost 2.04 percent, or 486.13 points, to 23,341.05 in early trade, while the broader Topix index fell 1.84 percent, or 31.77 points, to 1,698.67. Source : AFP

Yen jumps, yuan slumps on worries China struggling to contain virus

The yen rose and the yuan fell in offshore trade on Monday as worries that China is struggling to contain the spread of a pneumonia-like virus sparked a bout of risk aversion. Japan's currency, often sought as a safe-haven in times of uncertainty, rose to the highest in almost three weeks versus the dollar, while the yuan fell to its lowest since Jan. 8. China's cabinet announced it will extend the Lunar New Year holidays to Feb. 2, to strengthen the prevention and control of the new...

European shares edge higher, M&A boosts insurers
Friday, 6 December 2019 15:47 WIB | MARKET UPDATE |SahamEropaIndeks Stoxx Europe 600Stoxx 600

European shares inched higher on Friday as comments from U.S. President Donald Trump that trade talks with China were œmoving right along helped inject some calm into the markets after a rocky week.

The pan-European STOXX 600 index rose 0.3% by 08:19 GMT, with banks, technology firms and retail companies leading the gains.

M&A activity boosted insurers after Phoenix Group Holdings Plc said it would buy the British insurance unit of Swiss Re in a cash-and-shares deal worth 3.2 billion pounds ($4.1 billion). Swiss Re AG shares rose 2.8%, while Phoenix Group was up 1.6%.

Despite Friday's gains, the STOXX 600 was on track to post its biggest weekly decline in two months after conflicting headlines on trade and weak euro zone economic indicators made for a volatile trading session.

Source : Reuters

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POPULAR NEWS
Tokyo's Nikkei opens down more than 2% on China virus fears

Tokyo's key Nikkei index dropped more than two percent at the open on Monday on concerns over the potential impact of a new coronavirus that has killed 80 people in China. The benchmark Nikkei 225 index lost 2.04 percent, or 486.13 points, to 23,341.05 in early trade, while the broader Topix index fell 1.84 percent, or 31.77 points, to 1,698.67. Source : AFP

Yen jumps, yuan slumps on worries China struggling to contain virus

The yen rose and the yuan fell in offshore trade on Monday as worries that China is struggling to contain the spread of a pneumonia-like virus sparked a bout of risk aversion. Japan's currency, often sought as a safe-haven in times of uncertainty, rose to the highest in almost three weeks versus the dollar, while the yuan fell to its lowest since Jan. 8. China's cabinet announced it will extend the Lunar New Year holidays to Feb. 2, to strengthen the prevention and control of the new...

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