New York On The Rise, Asian Markets On The Decline

The U.S. Trade Representative welcomed the U.S. stock market announcement that there may be a delay in the commitment to import agricultural products from China's trade deal due to the coronavirus epidemic, and Washington will understand it, and that additional tariffs will be halved against some US goods by China. With these two reports, coronavirus' concerns were overcome and the Indices continued its record series. At the close, the Dow Jones index increased by 89 points (0.30 percent) to 29,379.77 points, the S&P 500 index rose by 11 points (0.32 percent) to 3,345.50 points, and the Nasdaq index increased by 64 points (0.67 percent) to 9,572.15 points. According to the data released in the USA today, the number of people who demanded unemployment benefits for the first time in the country fell to 202 thousand in the week ending February 1, below expectations. Non-agricultural employment productivity in the country increased by 1.4 percent in the fourth quarter of last year compared to the previous quarter and was below market expectations. Unit labor cost, which is one of the inflation indicators followed by the US Central Bank, increased by 1.4 percent in the last quarter of the previous year compared to the previous quarter and followed a course in line with market expectations. Asian stocks posted the strongest intraday decline since June. Stocks declined from Tokyo and Seoul to Sydney. Stocks also fell in Shanghai and Hong Kong. 10 more cases were detected on the passenger ship quarantined in Japan due to the new type of coronavirus (2019-nCoV) outbreak in Wuhan, China. According to the news in Kyodo, the number of people whose coronavirus was detected on the passenger ship, which had quarantined quarantine in Yokohama Harbor on Tuesday, increased to 41. In mainland of China, the virus trap reached 31,000 and the number of people who died was 636. The Central Bank of the Philippines reported that the next rate cut will take place in mid-2020. Index Summaries Japan's Topix Index falls 0.2 percent The Shanghai Compound Index declined 0.7 percent. -Hang Seng Index dropped 0.8 percent. -Kospi Index decreased by 0.8 percent. Australia's S & P / ASX 200 Index fell 0.6 percent.