Asian stocks open higher in choppy trade

Asian shares showed choppy movements in early trade on Wednesday following an overnight announcement from the US of a $1 trillion stimulus package to buttress an economy hit by the coronavirus.

Japan’s benchmark Nikkei 225 opened up 0.84% at 17,154.08 points, while in South Korea the KOSPI rose 0.55% to 1,681.63 points in the first few minutes of trade.

Hong Kong’s benchmark Hang Seng Index initially opened slightly positive before falling into the red, slipping 0.07 percent as of 0227GMT.

Traders continued to worry over the coronavirus pandemic, eclipsing hopes that broad policy support would combat the economic fallout of the outbreak.

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