China stocks slump 3% on Wuhan lockdown over virus outbreak


Travellers wearing face masks as they walk outside of the Beijing Railway Station in Beijing. China reported a sharp rise in the number of people infected with a new coronavirus, including the first cases in the capital. The outbreak coincides with the country's busiest travel period, as millions board trains and planes for the Lunar New Year holidays. - Reuters

SHANGHAI: China stocks fell about 3% on Thursday, their biggest single-day loss in nearly nine months, as investors unloaded shares related to restaurants, cinemas, airlines and theme parks after a lockdown in the central city of Wuhan

to curb a SARS-like virus.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Wuhan , lockdown , coronavirus , safe haven , bonds

   

Next In Business News

Trading ideas: RHB, Axiata, Yinson, Affin, Kimlun, AWC, Pansar, DC Healthcare, AwanBiru, Systech, Auro, Bursa Malaysia, HeiTech Padu, AmFirst REIT and Sin-Kung Logistics
EPF Account 3 draws concerns over dividends
Central bank governor unfazed by peso slump
Developers gearing up for higher sales
Kimlun wins RM150mil deal from Astaka
Systech gets shareholders’ nod for capital exercise
Huawei starts new smartphone Pura 70 sale amid scrutiny on chips
Smart Asia en route for listing on ACE Market
IGB-REIT likely to maintain organic growth
State-owned enterprises achieve milestone in key HSR construction

Others Also Read