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Nikkei Markets

Hong Kong shares skid as coronavirus fears loom large

Mainland airlines slide after reporting sharp declines in February traffic

HONG KONG (Nikkei Markets) -- Hong Kong shares slumped on Thursday, following another sell-off on Wall Street overnight, as worries over the fallout from the fast-spreading coronavirus continued to slam sentiment.

The Hang Seng Index slid 4.3% to 21,344.93 by noon, heading for its lowest close since July 2016. Heavyweight insurers AIA Group and Ping An Insurance Group fell 5.4% and 5.9%, respectively, contributing to about a fifth of the index's losses by points. China Mobile declined 6.1% ahead of its 2019 earnings, due later on Thursday.

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