Asian equities fail to hold onto early-day positive trading following fresh coronavirus headlines. Increasing numbers from India, the US weighs over the market’s optimism after the global driver to tame COVID-19 damages. China PMI came in record low while Aussie GDP managed to rise, eyes on global PMIs, qualitative catalysts for now. While trimming the early- session gains in India, China and Japan, Asian shares register mixed numbers ahead of the European traders’ arrival on Wednesday. Even so, the MSCI index of Asia-Pacific shares outside Japan mark 0.70% gains with Japan’s NIKKEI being 0.18% in green to 21,120 by the press time. The US Federal Reserve surprised global markets by announcing a 0.50% emergency rate cut on Tuesday. Though, the moves were taken as a show of pessimism by the Wall Street benchmarks. However, the risk-tone recovered during the initial Asian session following more use of fiscal stimulus to tame the negative impacts of the coronavirus. The moves were also favored by Aussie Q4 GDP that crossed market consensus to the upside. Following that, China’s record low print of Caixin Services PMI and COVID-19 warnings from the global rating giants weigh on the share markets. Also contributing to the moves were the speedy COVID-19 infections in the US and India. The US 10-year treasury yields remain on the back foot bear 0.971% after flashing the record low of 0.901% earlier. Moving on, traders will keep eyes on coronavirus headlines as well as PMI numbers from the UK, Europe and the US to determine near-term market moves. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Breaking: India’s supreme court squashes RBI’s 2018 ban on banking support to cryptocurrency firms FX Street 3 years Asian equities fail to hold onto early-day positive trading following fresh coronavirus headlines. Increasing numbers from India, the US weighs over the market’s optimism after the global driver to tame COVID-19 damages. China PMI came in record low while Aussie GDP managed to rise, eyes on global PMIs, qualitative catalysts for now. While trimming the early- session gains in India, China and Japan, Asian shares register mixed numbers ahead of the European traders’ arrival on Wednesday. Even so, the MSCI index of Asia-Pacific shares outside Japan mark 0.70% gains with Japan’s NIKKEI being 0.18% in green to 21,120 by the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.