Global stocks steady as caution on China virus continues; euro hits seven-week low after ECB

Stocks made a barely positive start in early Asian trade on Friday after the wor...

TOKYO - Stocks made a barely positive start in early Asian trade on Friday after the world’s health body called it a little too early to declare a coronavirus outbreak a global emergency.

But worries over rapid spread of the deadly virus kept investors on guard as millions of Chinese travel during the Lunar New Year holiday period. Trade in Asia is already slowing down for the Lunar New Year holiday, with financial markets in China, Taiwan and South Korea closed on Friday. The Nasdaq Composite rose 0.2% to a record closing high, while the S&P 500 added 0.1% and the Dow Jones Industrial Average eased 0.1%.

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