Chinese stocks slump, but airline shares improve amid coronavirus fears

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Chinese stocks continued to fall as a new virus spreads throughout the region, complicating plans for the millions of people traveling over the Lunar New Year

Hong Kong Chinese stocks continued to fall Wednesday as a new virus spreads throughout the region, complicating plans for the millions of people traveling over the Lunar New Year.

The Shanghai Composite was down 0.7% in morning trade, making it the region's major outlier.Other Asian indexes, though, improved: Hong Kong's benchmark Hang Seng Index moved up 0.8% after recording its worst day in more than five months. South Korea's Kospi was up 0.5%, while Japan's Nikkei 225 was 0.5% higher.Wednesday's gains marked a significant improvement over Tuesday's"sea of red," when stocks in the region were down across the board.

 

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