Asian equities slip on renewed coronavirus concerns
The jump in the number of cases reported by Hubei here – owing to a reclassification – is causing investors to be a little unsettled to start the day, as concerns surrounding the coronavirus outbreak continue to persist.
That has seen risk trades take a bit of a hit, with Chinese equities on course to snap their seven-day rally; Shanghai Composite is down by 0.8% currently.
USD/JPY is lingering near the lows around 109.84 currently as Treasury yields are also marked lower with 10-year yields down 3.6 bps to 1.597% at the moment.