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Shanghai stocks extend losses on killer virus fear

The benchmark Shanghai Composite Index fell 2.23 percent, or 61.34 points, to 2,685.27 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, dropped 3.48 percent, or 56.04 points, to 1,552.96.

  (Reuters)
Hong Kong, China
Tue, February 4, 2020

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Shanghai stocks extend losses on killer virus fear Pedestrians pass an electronic ticker board and a screen displaying stock figures outside the Exchange Square complex, which houses the Hong Kong Stock Exchange, in Hong Kong, China, on Monday. The bullish mood building in China’s equity market is entering a new phase, with investors flocking to riskier stocks as trading reopened on Monday. (Bloomberg/Justin Chin)

M

ainland Chinese stocks fell more than two percent at the start of trade Tuesday, extending the previous day's massive losses as the number of deaths from the coronavirus rose to more than 400 and those infected broke 20,000.

The benchmark Shanghai Composite Index fell 2.23 percent, or 61.34 points, to 2,685.27 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, dropped 3.48 percent, or 56.04 points, to 1,552.96.

In Hong Kong, the benchmark Hang Seng Index added 0.51 percent, or 134.68 points to 26,491.66.

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