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Nikkei Markets

Hong Kong shares slide as coronavirus worries cloud sentiment

Cathay Pacific up despite drop in profit, as results beat expectations

HONG KONG (Nikkei Markets) -- Hong Kong shares fell after a choppy trading day Wednesday, as investors awaited further responses from governments and central banks to combat the new coronavirus and its economic impact.

The Hang Seng Index lost 0.6% to 25,231.61 after changing directions at least 10 times. Offshore energy producer CNOOC slid 5.9%, one of the biggest contributors to the gauge's losses by points, after Brent crude futures gave up early gains to trade flat. Heavyweights diverged, with Tencent Holdings shedding 1.2%, while China Construction Bank added 0.6%.

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