Saturday 25 January 2020

China stocks decrease as coronavirus (冠狀病毒) outbreak scares investors

The Chinese stock market decreased to a record low this week. The deadly coronavirus outbreak scared investors.

The Shanghai Composite Index closed down about 2.8 percent at 2,976.53 Thursday.

Unfortunately, the virus (coronavirus) (冠狀病毒) death toll grew before the Chinese New Year.

That marked the index’s worst end to a lunar year in its history.

Trading volumes in mainland China were 20% higher than average Thursday as foreign traders sold off a record $1.7 billion in shares.

Stock markets in other parts of the world are certainly hopeful after the World Health Organization said the coronavirus was not yet a global health emergency.

Shanghai Disneyland can actually host up to 100,000 people. The place will close starting Saturday because of the virus. Certain other places will also be closed, such as some movie theaters.

Coronaviruses are a group of viruses that cause diseases in mammals and birds that include diarrhea in cows and pigs, and upper respiratory disease in chickens. In humans, the virus causes respiratory infections, which are often mild, but in rare cases are potentially lethal.

Year of the Rat is 2020. This is the Year of the Rat according to Chinese zodiac. This is a Year of Metal Rat, starting from the 2020 Chinese New Year on Jan. 25 and lasting to 2021 Lunar New Year's Eve on Feb. 11. Rat is the first in the 12-year cycle of Chinese zodiac.

1 comment:

  1. Igor B News

    Translation: English to Chinese: