China stocks tumble as investors withdraw amid coronavirus fears

Shares in mainland China led losses among major Asia Pacific markets on Wednesday as investors withdrew amid concerns over the coronavirus outbreak beyond China.

By the market close, the Shenzhen component dropped 3.02% to 11,497.55 and the Shenzhen composite fell 2.705% to about 1,890.60. The Shanghai composite shed 0.83% to around 2,987.93.

Hong Kong’s Hang Seng index fell 0.9%, as of its final hour of trading.

The Nikkei 225 in Japan slipped 0.79% to close at 22,426.19 after dropping more than 3% on Tuesday. The Topix index also saw a 0.75% decline to end its trading day at 1,606.17. South Korea’s Kospi fell 1.28% to close at 2,076.77.

Overall, the MSCI Asia ex-Japan index was 1.35% lower.

source:CNBC