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Asian shares rise amid caution about the Chinese virus

Asian shares rise amid caution about the Chinese virus

Asian shares rose during Tuesday’s trading, as investors assessed the potential economic impact of the current Coronavirus outbreak, which has reaped hundreds of lives in China so far.

Hang Seng Index advanced by 1.16 percent to 26,663.20, and the Shanghai Composite Index was closed at 1.34 percent increase at 2,783.29.

Australia S&P/ASX 200 finished 0.37 percent up at 6,948.70 and South Korea’s Kospi index ascended by 1.84 percent to 2,157.90.

In Japan, Nikkei 225 index surged 0.49 percent to 23,084.59 points, up from the lowest level in 10 weeks recorded in the previous session.

After reopening following the extended Lunar New-Year break, Chinese shares rebounded after falling nearly 8 percent the previous session.

About Coronavirus, the number of deaths and infections of the Chinese virus has increased again today within China, bringing the total number of deaths to 425 and infections to 20,438.

This exceeded the number of victims of the Chinese SARS virus, which killed 349 people during the epidemic, which hit China in 2002.

Meanwhile, a second death was reported outside China, with Hong Kong hospital officials declaring the country's first corona-infected case.

Outside China, the number of cases infected is increasing day by day within many countries including Germany, Russia and Vietnam.

The United States has also reported two more cases, which means that there are currently 11 people infected with corona in the country, and the number of infections in India has also increased.

Investors are watching developments with extreme caution about the spread of the virus, which has frustrated investor confidence in recent days.

Meanwhile, the dollar index, which measures the performance of six major currencies against the US dollar, rose by 0.12 percent at 97.74.

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