Asian shares tick up, aim for second week of gains amid virus scare
TOKYO - Asian shares inched higher on Friday, on course to post the second straight week of gains, helped by hopes governments will make provisions to soften the impact on their economies from the coronavirus epidemic.
The index of Chinext high-tech shares .CHINEXT rose 0.8% to hit a two-year intraday high, led by gains in some biotech names. “That means countries are likely to keep interest rates low for a longer period, keeping global bond yields low. Such an expectation in turn is supporting the world’s share prices.”
The euro fell to as low as $1.0827, its lowest level in almost three years, and last stood at $1.0836It also hit a nine-week low against the British pound and 4-1/2 year low against the Swiss franc.
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