China stocks slump 3% on Wuhan lockdown over virus outbreak

TheStar Thu, Jan 23, 2020 03:50pm - 4 years View Original


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.

Authorities in Wuhan, the epicentre of the new coronavirus outbreak that has killed 17 and infected nearly 600 people, shut urban transport networks and suspended outgoing flights.

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