HK stocks drop most in Asia on Moody’s, virus concern

HK market

HONG KONG: A deadly virus in China. A rating downgrade from Moody’s Investors Service. Violent clashes over the weekend.

Welcome to Hong Kong, where reasons to sell stocks are mounting ahead of the Lunar New Year holiday. The MSCI Hong Kong Index slumped as much as 2.8% Tuesday, hitting its 200-day moving average and lagging other benchmarks in Asia. Many property firms were among the biggest decliners, along with casino operators in nearby Macau.

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deadly virus , China , rating downgrade , Moody’s Investors Service

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