» » Analysis: Asian Market News for Today 25/02/20

Analysis: Asian Market News for Today 25/02/20

2/25/2020 08:55:00 AM (GMT+6)
Today Asian News:
  1. Senior BoJ Official notes that the Central Bank will take appropriate steps as needed by looking at FX impact on Japan's economy and long-term price trends; montary policy is not directly guided by FX.
  2. Fourth passenger from Diamond Princess cruise ship has died in Japan; NHK .
  3. Tianjin University has successfully developed an oral vaccine to protest against coronavirus; the professor who led the project, has taken four doses without any side effects, according to Global Times.
  4. PBoC sets USD/CNY mid-point at 7.0232 vs. Exp. 7.0255 (Prev. 7.0246)
  5. BoJ offers to buy JPY 50bln in up to 1yr JGBs, JPY 120bln in 10yr-25yr JGBs and JPY 30bln in 25yr+ JGBs and JPY 30bln in I/L JGBs; all unchanged.
  6. PRE-MARKET CHINESE STOCK NEWS: US is reportedly still eyeing ways to further curb sales to Huawei, according to sources. (Newswires) 
  7. South Korea reports 60 more cases of new coronavirus, total now at 893, Yonhap reports.
  8. Japanese Finance Minister Aso says the government is not yet considering additional economic measures to respond to the virus outbreak.
  9. US Trump Administration is sending Congress a budget request for USD 2.5bln to tackle the virus outbreak, according to Politico; with over USD 1bln for vaccines according to the White House
  10. China's Hubei province reports 499 new coronavirus cases and 68 additional deaths as of February 24 vs. 398 additional cases and 149 additional deaths on February 23
  11. PRE-MARKET TAIWAN AND SINGAPORE STOCK NEWS: Singapore Airlines (SIA SP) – Co. plans to cut further flight capacity from February to the end of May. (Newswires) 
  12. Asian stocks trade mixed following the sell-off on Wall Street; Nikkei 225 plays catch-up on return from a long weekend: ASX 200 -2.0%, Nikkei 225 -4.2%, KOSPI Unch 
  13. US NEC Director Kudlow says the US looks well-contained against coronavirus, economy is fundamentally sound, long-term investors should "seriously consider buying these dips", according to Washington Post.
  14. PRE-MARKET JAPANESE AND SOUTH KOREAN STOCK NEWS: South Korean coronavirus cases soared to 833 with eight deaths reported. (Yonhap); Hong Kong issued a travel alert to South Korea. (Newswires)
  15. Mastercard (MA) - Cuts Q1 net revenue growth guidance to 9-10% (Prev. "low double-digits) and FY20 net revenue growth to low end of low teens range (Prev. "low double-digits") amid coronavirus.
  16. United Airlines (UAL) - Withdraws all previously issued 2020 guidance; sees 100% near-term China demand due to coronavirus; sees ~75% decline in near-term trans-paciifc demand; affirms Q1 adj. EPS forecast
  17. US is reportedly still eyeing ways to further curb sales to Huawei, according to sources.
  18. South Korea reports 9th coronavirus-related death, via Yonhap TV.
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