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Asian Shares Fall
Published in Saudi Press Agency on 18 - 02 - 2020

Shares slipped in Asia on Tuesday as the impact from the virus outbreak that began in China deepened, with Apple saying it would fail to meet its profit target and China moving to postpone or cancel major events including the Beijing auto show.
Japan's Nikkei 225 index lost 1.5% to 23,170.62 while the Hang Seng in Hong Kong lost 1.4% to 27,581.19. In South Korea, the Kospi shed 1.4% to 2,209.95, while the Shanghai Composite index shed 0.4% until 2,972.02. Australia's S&P ASX/200 fell 0.3% to 7,106.00. Shares also fell in Singapore and Kuala Lumpur but rose in Jakarta.
Shanghai's benchmark jumped more than 2% on Monday after the central bank rolled out more measures to help support the economy. Most other markets also rose, AP reported.
In other trading, benchmark U.S. crude oil lost 37 cents to $51.68 per barrel in electronic trading on the New York Mercantile Exchange. It gained 63 cents overnight to $52.05 per barrel. Brent crude oil, the international standard, lost 62 cents to $57.05 per barrel. It gained 35 cents on Monday to $57.67.
In currency markets, the dollar fell to 109.75 Japanese yen from 109.89 yen on Monday. The euro edged down to $1.0833 from $1.0836.

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