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Nikkei Markets

Hong Kong shares slide to three-year low as virus fears mount

AIA and Swire Pacific skid after reporting annual results

HONG KONG (Nikkei Markets) -- Hong Kong shares slumped on Thursday on mounting fears over the spread of the new coronavirus, with the U.S. restricting travel from Europe and the World Health Organization labelling the outbreak a pandemic as cases outside China continued to multiply.

The Hang Seng Index shed 3.7% to 24,309.07, its lowest close since April, 2017. With Thursday's decline, the gauge's 14-day relative strength index, a measure of momentum, slipped below the threshold of 30 that some technical analysts consider to be a sign it may be oversold.

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