South Korea stocks drop nearly 4% as country raises coronavirus alert to 'highest level' [CNBC]
China Eastern Airlines Corporation Ltd. (CEA)
US:NYSE Investor Relations:
irasia.com/listco/hk/chinaeast/annual/index.htm
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Source: CNBC
Stocks in South Korea led losses among major Asian markets on Monday after the country raised its coronavirus alert to the "highest level" following a rapid spike in cases over the weekend. The Kospi was down 3.87% to close at 2,079.04 as shares of automaker Hyundai Motor plunged 4.3% while the Kosdaq fell 4.3% to end its trading day at 639.29. The Korean won weakened to 1,219.22 per dollar following levels below 1200 seen last week. South Korea's Korean Air Lines and Asiana Airlines also dropped 6.16% and 6.09%, respectively. Reuters reported Monday that both the South Korean airlines had announced they are suspending flights to Daegu — the country's fourth-largest city with the largest number of coronavirus cases — for the time being. Airline stocks in the rest of the region also fell amid the contagion fears. Australia's Qantas Airways plummeted 7.53%, while Hong Kong-listed shares of China Eastern Airlines and China Southern Airlines fell 2.73% and 3.74%, respectively, in afternoo
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