Virus fears: Hong Kong stocks open poorer

HONG KONG: Hong Kong stocks on Monday declined at the banging of the first week of trade as concerns rose about the economic impact of the coronavirus outbreak.

The Hang Seng Index shed 1.1 percent, or 312.12 points, to 27,092.15 at the open. The benchmark Shanghai Composite Index opened 0.54 percent lower, or 15.46 points, at 2,860.50.

While the Shenzhen Composite Index, which tracks stocks on China’s second exchange, lost 0.16 percent, or 2.84 points, at 1,733.33.

It is worth to mention here, The deaths from China’s new coronavirus outbreak reported to 902 on Monday in the hard-hit Hubei province of China. China’s health authorities reported another 2,618 new cases in the central region, where the epidemic began.

READ MORE: Coronavirus death toll reaches to 902 in China