New York City (Reuters) – Asian equities and oil prices were set to slip on Tuesday amidst growing investor worries about a second wave of coronavirus infections after the Chinese city where the pandemic come from reported its first new cases because its lockdown was raised.
FILE IMAGE: People wearing protective face masks, following an outbreak of the coronavirus, are reflected on a screen showing Nikkei index, outside a brokerage in Tokyo, Japan February 28,2020 REUTERS/Athit Perawongmetha
The central Chinese city of Wuhan reported five brand-new confirmed cases on Monday, casting doubts over efforts to lower coronavirus-related restrictions throughout the nation as businesses reboot and individuals went back to work.
Hong Kong’s Hang Seng index futures HSI HSIc1 were down 0.68%while Japan’s Nikkei 225 futures NKc1 were off 0.1%.
” My sensation is that it will be flat to slightly down across Asia,” said Shane Oliver, head of investment strategy and economics for AMP Capital in Sydney, citing conce