Asia-Pacific markets set to trade lower as worries remain over impact from coronavirus pandemic


Source: ourbusinesstime.com ourbusinesstime.com

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SINGAPORE — Asia-Pacific markets traded mixed on Friday as investors remained cautious over the short-term economic impact of the coronavirus as cases around the world continue to rise. Australia's benchmark ASX 200 reversed earlier losses to climb 0.18%, with the heavily-weighted financials subindex up 0.27%. Materials and energy sectors still struggled for gains. The Nikkei 225 index in Japan fell 0.51% while the Topix index was down 0.22%. South Korea's Kospi index traded up 0.19%. Data from Japan showed core consumer prices fell in October at their fastest pace annually in nearly a decade, raising deflation fears in an economy...