ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Nikkei Markets

Hong Kong shares fall as coronavirus fuels recession fears

Geely Auto slides after Chinese carmaker reports drop in 2019 profit

HONG KONG (Nikkei Markets) -- Hong Kong shares fell on Monday as a surge in the number of people infected and deaths from the coronavirus outbreak in Europe and the U.S. escalated fears about a global recession.

The Hang Seng Index lost 1.3% to 23,175.11. Heavyweights Tencent Holdings and HSBC Holdings decreased 1.5% and 2%, respectively, contributing most to the index's losses by points. Geely Automobile Holdings declined 4.1% after the automaker reported a 34.7% drop in 2019 net profit.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more