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In the first trading session since a holiday Lunar New Year And that was extended because of The epidemic is rampant, The main index lost in Shanghai Stock Exchange 8.73 percent of its value to reach 2716.70 points, while the main index on the Shenzhen Stock Exchange lost 8.99 percent of its value to reach 1598.80 points.
In exchange, Bursa succeeded Hong Kong In resisting pressure, the Hang Seng rose 0.17 percent to 26,356.22 points.
Because of the Lunar New Year holiday, the Shanghai and Shenzhen stock exchanges have been closed since January 24, the day after the quarantine imposed by the authorities in practice on the city WuhanThe epidemic in the middle of the country.
The two exchanges were supposed to return to work on Friday, but Beijing decided to extend their holiday by 3 days to give itself more time to better fight the epidemic.
During the holiday, global equity indices accumulated losses due to investor fears of the potential consequences of the epidemic on growth in China, The second largest economy in the world.
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But in any case, the shares listed on the Shanghai and Shenzhen stock exchanges cannot lose more than 10 percent in one session, as the financial market rules stipulate the suspension of trading on shares once its losses reach 10 percent.
And the virus that has led to the death of 362 people, all of them in China except one in the Philippines, and more than 17,000 people infected with it in China, continues to spread in this country and abroad, while Beijing imposed unprecedented measures to contain it, leading to the paralysis of entire sectors of the national economy .
And the landing that took place on Monday on my stock exchange China Expected after this long period of closure.
The Chinese authorities had anticipated the resumption of financial markets by launching an initiative to reassure investors, as the Chinese Central Bank announced that it would pump Monday 1200 billion yuan (156 billion euros) to deal with the repercussions of the epidemic on the economy.
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In the first trading session since the Lunar New Year holiday, which was extended due to the pandemic, the main index on the Shanghai Stock Exchange lost 8.73 percent of its value to 2716.70 points, while the main index on the Shenzhen Stock Exchange lost 8.99 percent of its value to 1598.80 points.
On the other hand, the Hong Kong Stock Exchange succeeded in resisting pressure, as the Hang Seng index increased 0.17 percent to 26,356.22 points.
Because of the Lunar New Year holiday, the Shanghai and Shenzhen stock exchanges have closed since January 24, the day after the quarantine imposed by the authorities in practice on Wuhan, the epicenter of the epidemic in the center of the country.
The two exchanges were supposed to return to work on Friday, but Beijing decided to extend their holiday by 3 days to give itself more time to better fight the epidemic.
During the holiday, global stock indices were accumulating losses due to investor fears over the potential consequences of the epidemic for growth in China, the world’s second largest economy.
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The new toll, published by the Health Commission of Hubei Province, showed that The frequency of the virus outbreak Still the same, with 2,103 new injuries recorded within 24 hours.
This brings the total number of people infected with the virus in all parts of China to at least 16,480.
It is believed that the new virus first appeared in December in a market in Wuhan, where wild animals are sold and spread during the Chinese Chinese New Year holiday, in which millions of Chinese travel inside and outside the country.
China has taken strict measures to prevent the spread of the virus, including quarantining more than 50 million people in Wuhan and surrounding Hubei, the central province with its capital, Wuhan.
On Sunday, the first recorded death from the virus outside China. A 44-year-old Chinese man from Wuhan died in the Philippines.
Also on Sunday, German Health Minister Jens Spahen announced that the Group of Seven countries will work together to tackle the epidemic in a way "Standardized".
And he said " We agreed on the necessity of holding a press conference for health ministers in the G7 countries".
The countries of the world have strengthened travel restrictions on arrivals from China, after the World Health Organization announced "case of emergency" International due to the virus.
Outside of China, the number of countries hit by the epidemic has risen to more than 20.
The epidemic is a new type of Corona Virus It is a strain that includes a large number of viruses, which may lead to diseases such as the common cold, but also to other more serious diseases such as SARS.
Corona corpses
On Sunday, the Chinese authorities decided to cremate the bodies of victims "Corona Virus" The mosque is near the place of their death, and funerary traditions such as farewell ceremonies are banned.
A joint directive statement, issued by the National Health Committee, was mentioned in China The Ministry of Civil Affairs and the Ministry of Public Security – broadcast by Chinese media, Sunday, that it is not permissible to transfer the remains of the deceased with a virus "Sk" Between different regions, and it cannot be preserved for burial or any other means.
He explained that the bodies should be disinfected and placed in a sealed bag by medical personnel as appropriate, and it is not allowed to open after sealing, and that funerals must send individuals and special vehicles to deliver the bodies according to specific methods, and the bodies must be cremated in specific crematoria.
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But in any case, the shares listed on the Shanghai and Shenzhen stock exchanges cannot lose more than 10 percent in one session, as the financial market rules stipulate the suspension of trading on shares once its losses reach 10 percent.
And the virus that has led to the death of 362 people, all of them in China except one in the Philippines, and more than 17,000 people infected with it in China, continues to spread in this country and abroad, while Beijing imposed unprecedented measures to contain it, leading to the paralysis of entire sectors of the national economy .
The fall that occurred on Monday on the China Stock Exchange was expected after this long period of closure.
The Chinese authorities had anticipated the resumption of financial markets by launching an initiative to reassure investors, as the Chinese Central Bank announced that it would pump Monday 1200 billion yuan (156 billion euros) to deal with the repercussions of the epidemic on the economy.
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