Hong Kong stocks fell on Friday, posting their worst week in a month, as the rapid spread of the coronavirus across the world sparked fears of contagion and sent global markets reeling. At the close of trade, the Hang Seng index was down 2.4% at 26,129.93. The index is down 4.3% week-on-week and 0.7% from the previous month.
The Hang Seng China Enterprises index fell 2.7% on Friday, down 4.5% from the previous week but up 0.6% from January.
Both indexes marked their worst week since late January.
The sub-index of the Hang Seng tracking energy shares dipped 3.5%, the IT sector lost 3.4%, the financial sector ended 2% lower and the property sector fell 2.2%.
About 3.19 billion Hang Seng index shares were traded, highest daily volume since February 2019. The volume traded in the previous trading session was 2.11 billion.
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