ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Chinese stocks tumble nearly 8% as coronavirus spreads

All sectors close lower, as central bank injects $174bn of liquidity into market

A man stands in front of a screen showing the Shanghai Composite Index outside a brokerage in Tokyo on Feb. 3. The benchmark index tumbled 7.7%.   © Reuters

HONG KONG -- Investors fled Chinese equities on Monday as financial markets reopened after the extended Lunar New Year break, with stocks logging their biggest single day fall since 2015. The yuan and commodities also tumbled, as investors counted the economic impact from the spreading coronavirus outbreak.

The Shanghai Composite Index sank 7.7%, logging its worst debut to a Lunar New Year in at least two decades. It opened on Monday 8.8% lower than its Jan. 23 close, the last day of trading before the long holiday break.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more