World share prices rose mostly on Wednesday as a new virus outbreak in China boosted confidence, infecting more than 500 people, killing 17 people.
The CAC 40 in Paris was up 0.1% at 6,053, while Germany’s DAX rose 0.2% to 13,583. Britain’s FTSE 100 closed up 0.2% at 7,597 points. Future contracts for the S&P 500 rose 0.5%, while the Dow Jones Industrial Average rose 0.3%.
The World Health Organization was due to meet later in the day to determine whether the new virus, previously reported from the central Chinese city of Wuhan, was causing an international health emergency. Meanwhile, China and other countries increased surveillance, including screening for fever at aircraft and airports.
Analysts said the shares saw a marginal increase as investors took advantage of the lower downturn in the markets.
Japan’s Nikkei 225 index climbed 0.7% to 24,031.35 and Kospi in South Korea rose 1.2% to 2,267.25. In Hong Kong, the Hang Seng jumped 1.3% to 28,3541.04. The S&P ASX / 200 gained 0.9% to 7,132.70 in Sydney, while the Shanghai Composite Index rose 0.3% to 3,060.75 from the opening loss. India’s Sensex fell 0.5% to 41,107.01. Shares
Markets seemed fit for the impeachment trial of President Donald Trump in the US Senate. In Davos, Switzerland, Trump deferred the progress of the American economy.
Jeffrey Haley of Onda said that despite stabilization in economic growth worldwide, there remains a “soft underbelly” of risk. The news came on Tuesday from a worldwide retreat in financial markets that new coronoviruses could spread among humans, not just in between. Animals and humans were suspected as before.
The outbreak of the new virus coincided with the peak travel season for the Lunar New Year festival in China, and investors believe it could hurt tourism and, ultimately, economic growth and corporate profits.
Benchmark US crude in electronic trading fell 37 cents to $ 58.01 a barrel on the New York Mercantile Exchange. It dropped 20 cents to $ 58.38 a barrel on Tuesday. The international standard Brent crude priced 35 cents to $ 64.24 a barrel. Overnight, it lost 61 cents to close at $ 64.59 a barrel.
Gold fell $ 2.90 an ounce to $ 1,555.
The dollar rose from 109.86 yen to 109.97 Japanese yen on Tuesday. The euro dipped from $ 1.1084 to $ 1.1082.