Hong Kong stocks plummet about 2.5% on return from Lunar New Year holiday amid coronavirus concerns [CNBC]
China Eastern Airlines Corporation Ltd. (CEA)
US:NYSE Investor Relations:
irasia.com/listco/hk/chinaeast/annual/index.htm
Company Research
Source: CNBC
Shares in Hong Kong plummeted Wednesday morning as they returned from a holiday amid coronavirus fears. The Hang Seng index dropped almost 3% in early trade, before last declining 2.49%. Hong Kong-listed shares of travel-related firms plummeted. China Eastern Airlines plunged 5.54% and China Southern Airlines dropped 5.36%. Insurance stocks also took a hit, with life insurer AIA declining 1.87% and Hong Kong-listed shares of China Life Insurance falling 4.27%. Meanwhile, gaming stocks dropped as Wynn Macau dove 4.11% and Melco International Development fell 4.75%. Hong Kong leader Carrie Lam on Saturday declared a virus emergency in the city of 7.3 million , extending school cancellations until Feb. 17 and canceling all official visits to mainland China. The ongoing virus outbreak has killed more than 100 in China, according to Chinese health officials. The number of infected in China has also now surpassed that of SARS . Lam announced a package of measures aimed at limiting the Asian
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