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:

    由于冠狀病毒爆發令投資者擔憂,中國股市下跌

    本周中國股市跌至歷史新低。致命的冠狀病毒爆發使投資者感到恐懼。

    上證綜合指數週四收盤下跌約2.8%至2,976.53。

    不幸的是,在農曆新年之前,冠狀病毒死亡人數增加了。

    這標誌著該指數在其歷史上最陰曆的一年結束了。

    由於外國交易員拋售了創紀錄的17億美元股票,中國大陸的交易量比周四的平均水平高出20%。

    在世界衛生組織表示冠狀病毒還不是全球性的突發衛生事件之後,世界其他地區的股市無疑是充滿希望的。

    上海迪士尼樂園實際上最多可容納10萬人。由於病毒,這個地方將從星期六開始關閉。某些其他地方也將關閉,例如一些電影院。

    冠狀病毒是引起哺乳動物和鳥類疾病的一組病毒,其中包括牛和豬的腹瀉以及雞的上呼吸道疾病。在人類中,該病毒引起呼吸道感染,這種感染通常是輕微的,但在極少數情況下可能具有致命性。

    鼠年是2020年。根據中國十二生肖,這是鼠年。這是金屬鼠年,從1月25日的2020年農曆新年開始,一直持續到2月11日的2021年除夕。鼠是十二生肖週期中的第一個。

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