Investors are pulling out of the world’s second largest stock market on the risk the outbreak will worsen during China’s week-long break. Stocks had rallied Wednesday after officials in Beijing detailed their response to the outbreak, helping stem the morning’s panic selling.
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.
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