Asia Pacific stocks were a mix bag as new Coronavirus cases emerge in the West
On Monday, Asia-Pacific stocks were mixed as new coronavirus cases started rising in the U.S. and in countries across Europe.
Stocks in mainland China were a mix bag by the afternoon, with the Shanghai composite dropping about 0.7% while the Shenzhen component went up 0.407%.
In Japan, the Nikkei 225 slipped 0.13% while the Topix index fell 0.43%.
Meanwhile in South Korea, the Kospi descended 0.26%. Shares of firms affiliated to conglomerate Samsung Group traded with mixed results after the passing of Samsung Electronics Chairman, Lee Kun-hee, as reported by CNBC. Samsung C&T soared more than 19% while Samsung Life Insurance surged 6.34%. Samsung Electronics added 0.5%. Samsung SDI and Samsung Heavy Industries tumbled down 1.3% and 0.77%, respectively.
Shares in Australia remained almost the same, with the S&P/ASX 200 dropping about 0.1%.
MSCI’s broadest index of Asia-Pacific shares outside Japan went above the flatline.
The Hong Kong market is closed on Monday due to a holiday.