China traders sell stocks on risk virus will spread over holiday

More than 80% of stocks in Shanghai and Shenzhen fell Thursday, taking the CSI 300 Index down as much as 1.4%. A gauge of Chinese shares in Hong Kong lost 1.4%, with all but one of its 50 stocks in the red.

Chinese financial markets will close from Friday for the Lunar New Year holiday, as well as stock links with Hong Kong. Mask makers lead gains, with Zhende Medical Co., Jiangsu Nanfang Medical Co. and Tianjin Teda Co. all jumping by the 10% daily limit. Jiangsu Yuyue Medical Equipment & Supply Co. climbed as much as 5.8%.

"The rising number of cases is affecting investors’ risk appetite in the short term, and may delay the stock-market inflows originally expected after the Lunar New Year.”

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China stocks rebound as Beijing calms jitters over virus outbreakHONG KONG/SHANGHAI: The Chinese stock market reversed early losses to end higher on Wednesday, as Beijing vowed to contain the new, spreading virus which has killed nine and infected 440 in the country.
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