Shanghai stocks extend losses on killer coronavirus fear

A man wearing a mask walk at the Shanghai Stock Exchange building at the Pudong financial district in Shanghai. (Reuters)

Mainland 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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Last Update: Wednesday, 20 May 2020 KSA 09:53 - GMT 06:53
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