HK stocks fall most in 4 weeks as global virus spread widens [Reuters]
PetroChina Company Limited (PTR)
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Source: Reuters
HK stocks fall most in 4 weeks as global virus spread widens Feb 24 (Reuters) - Hong Kong stocks fell the most in four weeks on Monday, as a spike in coronavirus infections and deaths beyond mainland China eclipsed Beijing’s assurance to step up efforts to help cushion the blow to its economy. ** The Hang Seng index fell 1.8%, to 26,820.88, while the China Enterprises Index lost 2.1%, to 10,568.33. ** Investor confidence took a hit after South Korea put the country on high alert as the number of infections jumped to over 700 and deaths rose to seven. In Italy, the number of cases jumped to above 150 from just three before Friday. ** Iran, which announced its first infection last week, said it had confirmed 43 cases and eight deaths. Saudi Arabia, Kuwait, Iraq, Turkey and Afghanistan imposed travel and immigration restrictions on the Islamic Republic. ** Market sentiment was hurt as the coronavirus outbreak spread outside China, said Linus Yip, an analyst with First Shanghai Securities
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