Stocks in Asia were set to decline at the open on Monday as fears resurface over the coronavirus pandemic.
Futures pointed to a lower open for stocks in Japan. The Nikkei futures contract in Chicago was at 22,060 while its counterpart in Osaka was at 22,190. That compared against the Nikkei 225’s last close at 22,305.48.
Meanwhile, shares in Australia were also set to dip. The SPI futures contract was at 5,834, as compared to the S&P/ASX 200’s last close at 5,847.80.
Developments surrounding the coronavirus pandemic will likely continue to be watched by investors on Monday.
A district in the Chinese capital of Beijing was in a “wartime emergency” after a cluster of infections was found centered around a wholesale market, according to Reuters. Stateside, Texas and North Carolina also reported a record number of virus-related hospitalizations on Saturday.
“News over the weekend have done little to ease concerns