Nasdaq News

Image source: The Motley Fool.

Asian share markets followed Wall Street higher on Tuesday even as doubts grew about how quickly China's factories could get back to work given that the coronavirus continues to spread and deaths mount.

Chinese firm Xinchao Media has laid off 500 people, or just over 10% of its workforce, saying it needed to resort to such measures to survive the impact of the coronavirus outbreak.

Oil prices rose more than 1% on Tuesday as recent sharp falls have encouraged investors holding short positions to book profits, but the market remains jittery over the Wuhan virus, which has now killed more than 1,000 in China.

Image source: The Motley Fool.

Image source: The Motley Fool.

Image source: The Motley Fool.

Image source: The Motley Fool.

(RTTNews) - The Indonesia stock market on Monday halted the four-day winning streak in which it had advanced almost 110 points or 1.9 percent. The Jakarta Composite Index now rests just above the 5,950-point plateau although it may bounce higher again on Tuesday.

In an effort by Illinois to level the playing field for its the rapidly growing legal cannabis market, the state's Department of Financial and Professional Regulation is allowing medical marijuana dispensaries to stay open later.

The following table shows rates for Asian currencies against the dollar at 0141 GMT.

With the coronavirus outbreak that originated in Hubei province, China, showing no signs of abating any time soon, some companies that buy and sell goods in the Chinese market are taking interest in the legal defense of "force majeure."

China reported 108 new coronavirus deaths on Tuesday, a daily record, bringing the total number of people killed in the country to 1,016, but the number of new cases fell.

(RTTNews) - The Australian stock market is advancing on Tuesday following the overnight gains on Wall Street and on some positive corporate earnings results.

Gold prices held steady on Tuesday after climbing to a one-week peak in the previous session, as concerns about the coronavirus epidemic that has claimed more than 1,000 lives in China offset an uptick in equities.

Image source: The Motley Fool.

Image source: The Motley Fool.

Image source: The Motley Fool.

(RTTNews) - The Hong Kong stock market has moved lower in three straight sessions, surrendering more than 540 points or 2 percent along the way. The Hang Seng Index now rests just above the 27,240-point plateau although it may stop the bleeding on Tuesday.

More than 300 Chinese companies are seeking bank loans totalling at least 57.4 billion yuan ($8.2 billion) to help to soften the impact of the coronavirus outbreak, two banking sources said.