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Nikkei Markets

Hong Kong and China shares dip as coronavirus cases jump

Ascletis jumps up sharply receiving approval for trials of products to treat virus

HONG KONG (Nikkei Markets) -- Hong Kong shares declined after a choppy trading day on Thursday, as investors digested a jump in coronavirus cases in China after new diagnostic criteria were used to confirm infections.

The Hang Seng Index lost 0.3% at 27,730.00 after changing directions at least 11 times. Insurers AIA Group and China Construction Bank fell 1.4% and 0.9%, contributing the most to the index's losses by points. Social media and gaming heavyweight Tencent Holdings added 1.3%, while London-headquartered lender HSBC Holdings edged 0.2% higher.

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