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Asian Shares Slip Into Red On Coronavirus Concerns

(RTTNews) - Asian stocks fell yet again on Tuesday after China reported 24 more deaths from coronavirus epidemic, taking the number of fatalities to 106 and raising concerns about a hit to global economic growth. The virus has now spread to more than ten countries, including the U.S., France, Australia and Canada.

Japanese shares recouped some early losses to end off their day's lows. The Nikkei average ended down 127.80 points, or 0.55 percent, at 23,215.71, while the broader Topix index closed 0.60 percent lower at 1,692.28.

Yamaha Corp., Isetan Mitsukoshi Holdings and Chiyoda Corp were among the worst performers. Exporters finished broadly lower as the yen held near a two-week high against the U.S. dollar.

Australian markets tumbled as traders returned to their desks after a long holiday weekend. The benchmark S&P/ASX 200 index ended down 96 points, or 1.35 percent, at 6,994.50, after seeing its biggest intraday drop so far this year earlier in the day.

The broader All Ordinaires index dropped 104.80 points, or 1.45 percent, to 7,098.40 as fears of the "coronavirus" contagion hammered oil and commodity prices.
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