Airline stocks in Asia take a hit amid growing coronavirus fears in China

  • 📰 CNBC
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 72%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Travel-related shares in Asia fell Tuesday as fears grew over an outbreak of a mysterious virus in China that has killed four people so far.

Chinese authorities on Tuesday confirmed a fourth death in an ongoing coronavirus outbreak in the country, bringing the total number of confirmed cases to more than 200,An official has also confirmed that the disease can spread from person-to-person, the report said.

"You will actually see a lot of impact on people who're running, you know, big retail conglomerates to as well, or FMCGs where you'd actually see a lot of people going in to buy festive products just ahead of the celebrations," Adenwala said, referring to fast-moving consumer goods which are typically sold quickly at a low cost.

The annual mass movement of people has ignited fears of a further spread of the virus and kindled memories of the fatal Severe Acute Respiratory Syndrome pandemic in 2002 and 2003. SARS killed 800 people — most of them from China and Hong Kong — during that period, according to data from the World Health Organization.tens of billions of dollars.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asia stocks set to open little changed; China's loan prime rate aheadInvestors will await the Chinese central bank's announcement of the country's benchmark lending rate, expected around 9:30 a.m. HK/SIN.
Source: CNBC - 🏆 12. / 72 Read more »

Hong Kong Project Market HAF Lines up Cream of Asia for 2020 EditionLin Cheng-sheng (“Betlnut Beauty”), Giddens Ko (“You Are The Apple of My Eye”), Pang Ho-cheung (“Love in a Puff”) and Yeo Siew-hua (“A Land Imagined”) are among the big name Asian directors lining …
Source: Variety - 🏆 108. / 63 Read more »