Hong Kong stocks are set to reopen after an extended Lunar New Year holiday, facing pressure due to concerns about the coronavirus outbreak. Investors are bracing for potential market volatility as trading resumes.
Hong Kong stocks are poised to resume trading following an extended Lunar New Year break, with the market bracing for potential turbulence amid escalating worries over the coronavirus outbreak.
The holiday was prolonged in response to the growing health crisis, and investors are now keenly awaiting the market’s reaction to developments that unfolded during the recess.
Analysts anticipate significant market movement as traders factor in the potential economic impact of the virus and the measures taken to contain it.
Key sectors expected to be affected include:
- Tourism
- Retail
- Transportation
Market participants will be closely monitoring government announcements and corporate disclosures for further guidance.