Hong Kong, China shares gain on coronavirus bets
- Death toll due to virus outbreak in Hubei province rises to 490
- Hong Kong’s Cathay Pacific Airways to cut 90 per cent of mainland China services
Good day, traders --
The death toll in Hubei province from the novel coronavirus has risen to 490. Many analysts are predicting the economic damage from the virus will be short lived and limited to select sectors, such as tourism and casinos. But of course, it remains to be seen.
Catch up on the day's action below.
-- Zhang Shidong in Shanghai and Deb Price in Hong Kong