Following the rapid spread of the new coronavirus infection in various parts of China, the stock market in Hong Kong on the 15th became more cautious about the future of the Chinese economy, and the stock index fell sharply. It fell by more than 10% in two days.
In Hong Kong's stock market on the 15th, sell orders swelled immediately after the start of the transaction, and the closing price of a typical stock index fell 5.7% compared to the previous day.
In the Hong Kong market, the day before the deal at the beginning of the week was also down 4.9%, and the rate of decline on the last two days exceeded 10%.
As a result, the stock index has fallen to its lowest level in about 6 years and 1 month.
In addition, the closing price of a typical stock index in the Shanghai stock market fell 4.9% compared to the 14th.
This was also the sharp drop following the previous day, the lowest price in about 1 year and 8 months.
In the background, the rapid spread of the new corona infection in various parts of China has made investors more cautious about the future of the Chinese economy.
Market officials said, "Because of concerns about the impact on personal consumption, selling has become a selling point. The index that is used as a guideline for China's actual policy interest rate announced today has not changed, supporting the economy. The widespread view that monetary easing will not be implemented immediately also led to sell orders. "