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HK stocks close lower on virus worries

Agence France-Presse

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Hong Kong stocks closed lower Thursday as traders tried to work out if the new coronavirus would have a lasting impact on corporate earnings and economic growth.

The Hang Seng Index fell 0.2 percent, or 46.65 points, to 27,609.16.

Mainland China’s benchmark Shanghai Composite Index rose 1.8 percent, or 54.75 points, to 3,030.15, after the central bank cut borrowing costs to reduce the impact of a virus-fueled slowdown on companies and households.

The Shenzhen Composite Index, which tracks stocks on China’s second exchange, added 2.2 percent, or 39.74 points, to 1,886.14.

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