Hong Kong plays catch-up as rest of Asia catches breather from coronavirus woes

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Hong Kong’s Hang Seng index plummeted by three percent after returning from the Lunar New Year break, although most other Asian assets are advancing on the day after US equities rebounded from their worst selloff since October. Risk sentiment is being given some reprieve from concerns over the novel coronavirus outbreak, following the positive surprise in Apple’s latest earnings, along with the better-than-expected US January consumer confidence, which served as distractions from the coronavirus gloom that has beset investors since mid-January.

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