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Nikkei Markets

Hong Kong shares hit seven-week low as Wuhan coronavirus spreads

All Hang Seng Index constituents drop as markets open after long weekend

HONG KONG (Nikkei Markets) -- Hong Kong shares slumped on Wednesday as markets reopened after the Lunar New Year break to deepening fears over the spread of a novel coronavirus after China reported a spike in cases.

The Hang Seng Index slid 2.8% to 27,160.63, its lowest close since Dec. 12. All of the index's 50 constituents ended lower. Hong Kong developer Hang Lung Properties led percentage losses on the index, sliding 6.7%. Casino operators Galaxy Entertainment Group and Sands China fell 5.2% and 5.6%, respectively, as visitors to Macao declined during the holiday due to the virus outbreak.

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