Beijing has been unable to stem panic selling amid an escalating coronavirus epidemic. Photo: Agence France-Presse

China markets suffer steep declines as Beijing fails to stem panic selling amid coronavirus outbreak

  • PBOC supplies a net US$21.7 billion to money markets on Monday to boost liquidity
  • Hong Kong’s Hang Seng Index gains; Tencent, Alibaba draw buying interest
Topic |   Hong Kong Stock Exchange

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Beijing has been unable to stem panic selling amid an escalating coronavirus epidemic. Photo: Agence France-Presse
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Zhang Shidong

Zhang Shidong

Zhang Shidong is based in Shanghai and reports on business for the Post. He joined the team in 2017, following stints covering China's stock market news for Bloomberg and at a local newspaper in Shanghai.

Deb Price

Deb Price

Deb joined the Post in 2018. Formerly an editor at The Wall Street Journal and The Washington Post, she was a Harvard Nieman fellow in 2011. She was the lead writer on The Wall Street Journal's digital project, "No Good Choices," which won the top award for excellence in reporting on women's issues from the Society of Publishers in Asia in 2015.