Source:
https://scmp.com/business/article/3048817/china-markets-face-death-toll-rising-425-coronavirus-outbreak Business
China, Hong Kong markets gain, even as death toll rises to 425 in coronavirus outbreak
- Macau gaming stocks tumble as casinos will close for half a month to contain virus
- Alibaba, Mengniu Dairy and Sunny Optical see strong gains
A man walks past a closed Starbucks cafe in Hangzhou, Zhejiang Province, China, on January 30, 2020. Photo: EPA-EFE/LONG WEI CHINA OUT
Good day, traders --
Mainland stocks rebounded after Monday's rout. Hong Kong traders also piled into virus-hammered stocks. Macau gaming stocks plunged after news casinos will close for two weeks to contain the novel coronavirus.
The death toll due to the virus epidemic is now 425.
Catch up on the day's action below.
-- Zhang Shidong and Deb Price
Note: Information in this blog is on an "as is" basis and not a solicitation or offer to buy or sell any securities or otherwise; and is not investment/professional advice or services in this regard. It is subject to our T&C. SCMP (as defined in T&C) shall not be liable for any loss, damage and costs relating to any investments in securities or otherwise in this connection.