Asian stock markets fall on fears over spreading virusThe Chinese epicentre of Wuhan continues to be badly affected by the new coronavirus. HONG KON: A spike in new virus cases outside China spooked Asian markets Friday after Wall Street pulled back from record highs as more companies warned earnings could be hurt by the epidemic. Seoul's Kospi index fell 1.2% after the country confirmed 52 more virus cases, taking its total to 156 -- the second highest national toll outside China. Gold shinesDemand for gold, which is considered a safe haven in times of uncertainty, has benefited from the spreading virus as investors reduce their risk exposure. Both main contracts were lower on demand fears, with Brent Crude off 0.6% and West Texas Intermediate down 0.6%.

Source: Bangkok Post February 21, 2020 04:52 UTC