Market comment | Equity rally halts as virus fears return

Summary

Yesterday’s upward move spurred by improving developments on coronavirus faded . Stocks, including Asian equities, fell and government bonds resumed their rally after sharp rise in coronavirus infections. Elsewhere, investors wait for tomorrow’s US manufacturing data.

Key points

• Key points:
• Coronavirus reported cases in Hubei soared by 14,840 amid shift in estimations for counting infections.
• US annual inflation slightly increased in January.
• JPY appreciated, while the Euro extended its depreciation trend to fresh three-year lows.

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