South korea, president moon calling the current Economic Situation as an emergency. The rhetoric is not positive even as what we see the beginning of a stabilization for some of these virus cases coming out of china. Certainly, the attention is on what regional economies are going to be able to do to support Economic Growth. Lets take a look at what we are seeing on the markets. A milestone for Chinese Markets in recruiting some of those losses since the Lunar New Year break, but we have seen very little positive price action since then. Absolutely. A little bit of a tempering of the positive tone we had seen. After we made up the post Lunar New Year losses, it is notable that you look at stocks on the mainland and they are trading lower, but off by just 0. 1 , so trying to hold in, trying to higherd continue to move with the cautiously optimistic town. Off slightly to the downside. Where we do see losses leading the way, that is in hong kong and japan. Both the hang seng and the andei
Staying put on the ship, war of words, President Trump and former president obama sparring over who deserves credit for americas economy, after terrifying crash at daytona 500, we have all the latest on condition right now, mornings with maria is live right now. Maria director in wuhan, china, dead, contracted the highly contagious illness, 51yearold neurosurgeon died today. Death coming as more than a dozen patients tested positive for coronavirus or have a good chance of getting it have been sent to university of Nebraska Medical Center for treatment, we will get you the latest on that status, these are people who have been trapped on a cruise ship, docked in japan for 2 weeks, the state of art facility is no stranger to Infectious Diseases with patients suffering from ebola, sars, monkey pox, tuberculosis all being there. The death toll nearly 1800 people dead, more than 72,000 cases reported worldwide so far, devastating flood waters swamping mississippi this week they could receiv
There have been 10 serious patients on that cruise ship. For now, lets get a check from the markets and see whats happening across asia. Heres our cross as it reporter. To, thes you did allude mood is optimistic, China Mainland and hong kong. The who said overnight despite we saw yesterday was not necessarily reflective of a larger surge in cases. Yes, we did today get 5000 new cases reported, but much less than the 15,000 yesterday. You can see the csi 300 climbing. S p futures have turned higher after closing lower in the United States. And the nikkei is falling down 6 10 of 1 . And really weighing on though he nikkei is nissan. Its a smaller weight, but its the worst performing stock, having the worst space, falling the lowest level since 2009. This came after an Earnings Report that cut its profit forecast for the second time and slashed its dividends. Back to you guys. Haidi we are getting some of the updates from japan. The Health Minister speaking to reporters, saying they are s
We have seen action from the pboc already. They have cut their mlf rate. We are also headed towards the loan prime rate announcement this thursday. All eyes on what the easing measures could look like. Lets look at the Market Action now with sarah ponczek. Sarah it is a mixed picture across the asiapacific region, but it is really just tip japan after the weaker than expected gdp, donna bowen. 7 but well off lows of the session. At one point the nikkei was down 1. 5 . Making its way back to positive territory but still seeing steep declines. Mainland stocks and hong kong stocks continuing to see upside after strong returns last week. Now making up all the postLunar New Year losses. And hong kong hang seng up. 6 . U. S. Futures extending gains after closing at a record on friday. But remember, u. S. Markets will be closed for the president s day holiday on monday. One index i want to show you is the ms ci all country world index, one that houses emerging and developed market stocks. Giv
Low for might as well, but the pboc not adding actual liquidity saying things are reasonably apple when it comes to liquidity conditions at the moment. I suppose the big question is will any of this be transmitted given that we know so many still out of the economy, essentially either stuck at home or factories still still, supply chain massively dislocated. Sarah we have seen markets across the asiapacific region turning higher. We continue to see resiliency, at least on the mainland and in hong kong. The hong kong hang seng up about. 5 , and in japan, we have seen markets turn higher as well, holding onto those gains, up about. 6 . The one that is moving to the downside bucking the trend is the south korean cosby after the country did report about 10 new coronavirus cases. You see it falling to a twoweek low, down about. 25 at the moment. Lets take a look at some other risks in the currency and commodities space. We did see copper moving higher for an eighth day and 11. Gold, though,