Asian stock markets wobbled and the safe-havens of the Japanese yen, gold and bo...
SINGAPORE - Asian stock markets wobbled and the safe-havens of the Japanese yen, gold and bonds rose on Thursday as the number of new coronavirus cases at the outbreak’s epicenter jumped sharply.
China’s Hubei province, the epicenter of the virus, reported 242 new deaths and confirmed 14,840 new cases on Feb. 12, a dramatic rise from the 2,015 new cases a day earlier. The spike dashed hopes that the virus was slowing, knocking U.S. e-mini stock futures in to negative territory, sending the Japanese yen 0.2% higher against the dollar and pushing yields on U.S. 10-year Treasuries about 3 basis points lower US10YT=RR.
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