China's Stock Markets Extend Morning Losses on Aviation, Hospitality Slumps
Dou Shicong
DATE:  Jan 21 2020
/ SOURCE:  yicai

(Yicai Global) Jan. 21 -- China's mainland stock markets kept on sliding this morning with airlines and hotel operators taking a hit from the spreading coronavirus. But drugmakers went higher. 

The Shanghai Composite Index dropped 1.04 percent to 3,063.56 by the noon break. The Shenzhen Component Index was at 11,010.50, down 0.95 percent. The ChiNext Price Index, which tracks growth enterprises in Shenzhen, fell 0.54 percent to 1,971.51.

The hospitality sector edged down by more than 3 percent with BTG Hotels Group [SHA:600258] dropping as much as 4.9 percent to CNY17.45 (USD2.53). The aviation sector was 2 percent down. Flag carrier Air China [SHA:601111] dived 2.38 percent to CNY8.61. 

More than 10 medical firms hit the 10 percent limit up for the second day in a row, including Shandong Lukang Pharmaceutical [SHA:600789], Xiangxue Pharmaceutical [SHE:300147], and Da An Gene [SHE:002030].

Editor: Emmi Laine 

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Keywords:   Shanghai Composite Index,Shenzhen Component Index,ChiNext Price Index