A worker wearing a protective suit reacts in front of an infrared temperature machine in the lobby of the Shanghai Stock Exchange building in Shanghai on February 14. Asian shares mostly fell Friday as investors turned cautious on the coronavirus outbreak. Photo: APA worker wearing a protective suit reacts in front of an infrared temperature machine in the lobby of the Shanghai Stock Exchange building in Shanghai on February 14. Asian shares mostly fell Friday as investors turned cautious on the coronavirus outbreak. Photo: AP
A worker wearing a protective suit reacts in front of an infrared temperature machine in the lobby of the Shanghai Stock Exchange building in Shanghai on February 14. Asian shares mostly fell Friday as investors turned cautious on the coronavirus outbreak. Photo: AP

‘Sell on Friday’ is China stock traders’ hedge against coronavirus jitters and weekend blues

  • Traders in China and Hong Kong unwind stock holdings preceding recent weekends to avoid uncertainty of the virus outbreak
  • The Hang Seng Index fell on two out of the past three Fridays and CSI 300 Index dropped on one occasion of such trading days over the past two weeks
Topic |   China stock market: Latest news and updates
A worker wearing a protective suit reacts in front of an infrared temperature machine in the lobby of the Shanghai Stock Exchange building in Shanghai on February 14. Asian shares mostly fell Friday as investors turned cautious on the coronavirus outbreak. Photo: APA worker wearing a protective suit reacts in front of an infrared temperature machine in the lobby of the Shanghai Stock Exchange building in Shanghai on February 14. Asian shares mostly fell Friday as investors turned cautious on the coronavirus outbreak. Photo: AP
A worker wearing a protective suit reacts in front of an infrared temperature machine in the lobby of the Shanghai Stock Exchange building in Shanghai on February 14. Asian shares mostly fell Friday as investors turned cautious on the coronavirus outbreak. Photo: AP
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