Significant decline in the Hong Kong stock market after consecutive holidays
Following the spread of the new coronavirus, the Hong Kong stock market on the 29th after the holidays has seen a surge in sell orders immediately after trading commenced, causing a sharp drop in stock prices.
The representative stock index, the Hang Seng Index, fell sharply by about 2.4% at 11:30 am JST compared to the closing price before the consecutive holidays.
On the other hand, on the 28th, stock prices fell in South Korea and Singapore markets where stock prices fell on the 28th due to concerns about the spread of infection.
Market officials say, "Although stock prices have started to rise in the US and European markets for the time being, the spread of infection is unavoidable for the economies of various countries, and there is strong caution about the future."