Chinese stocks slump, but airline shares improve amid coronavirus fears [CNNMoney.com]
China Southern Airlines Company Limited (ZNH)
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Source: CNNMoney.com
Chinese stocks slump, but airline shares improve amid coronavirus fears Hong Kong (CNN Business) Chinese stocks continued to fall Wednesday as a new virus spreads throughout the region , complicating plans for the millions of people traveling over the Lunar New Year. The Shanghai Composite was down 0.7% in morning trade, making it the region's major outlier. Other Asian indexes, though, improved: Hong Kong's benchmark Hang Seng Index ( HSI ) moved up 0.8% after recording its worst day in more than five months. South Korea's Kospi ( KOSPI ) was up 0.5%, while Japan's Nikkei 225 ( N225 ) was 0.5% higher. Wednesday's gains marked a significant improvement over Tuesday's " sea of red ," when stocks in the region were down across the board. That slump came as China confirmed that the new coronavirus can be transmitted between humans. China's travel industry braces as coronavirus outbreak revives memories of SARS Chinese airline stocks, which recorded steep losses
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