News Formal

China traders sell stocks on risk virus will spread over holiday

  • 📰 staronline
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 75%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

BEIJING: China’s financial markets are under renewed pressure after officials halted travel from a city of 11 million in an attempt to stop a new SARS-like virus from spreading.

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.”

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:

 /  🏆 4. in MY
 

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

A tribulation from God for Uighur carnage !!

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

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.
Source: staronline - 🏆 4. / 75 Read more »