Village committee members wearing face masks and vests stand at the entrance of a community to prevent outsiders from entering, as the country is hit by an outbreak of the new coronavirus, in Tianjiaying village, outskirts of Beijing, China January 28, 2020. REUTERS/Carlos Garcia Rawlins
HONG KONG: Almost every stock fell in Hong Kong as trading reopened Wednesday for the first time this week, with investors gauging the economic impact of the deadly coronavirus that spread over the Lunar New Year holiday.
The Hang Seng Index and a gauge of Hong Kong-listed Chinese companies slumped more than 2%, with landlords, travel and casino stocks among the biggest decliners.
Limiting losses in the city was a rebound in U.S. markets overnight, which also triggered a 1.5% gain in FTSE China A50 Index futures. The contracts had lost more than 6% in Singapore since Friday, while the offshore yuan had slid 0.5% to approach 7 per dollar.
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