Stocks in Asia Pacific edged higher on Thursday morning as investors weighed a spike in the number of new coronavirus cases reported in China’s Hubei province due to a tweak in methodology.
Mainland Chinese stocks gained in early trade, with the Shanghai composite up 0.15% and the Shenzhen component adding 0.2%. The Shenzhen composite was also 0.152% higher. Hong Kong’s Hang Seng index also advanced 0.16%.
In Japan, the Nikkei 225 hovered above the flatline while the Topix index was 0.34% lower. Shares of conglomerate Softbank Group continued to see gains after Wednesday’s surge, gaining 0.71% in morning trade. The moves came upward despite the firm posting a near wipe out of its quarterly profit.
Meanwhile, South Korea’s Kospi added 0.58%. Shares in Australia were also higher in morning trade, with the S&P/ASX 200 up 0.12%.