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.