Gaming

Hong Kong stocks slide and Macau casinos suffer due to new COVID variant

Tuesday 30 de November 2021 / 07:43

⏱ 1 min read

(HK / Macau).- Hong Kong stocks fell to more than a one-year low on concerns the spread of Omicron coronavirus strain will prompt more lockdowns and hurt economic recovery. Meituan slumped on weak earnings while a gambling crackdown in Macau hit casino concessionaires.

Hong Kong stocks slide and Macau casinos suffer due to new COVID variant

The Hang Seng Index retreated 0.9 per cent to 23,859.50 at the close of Monday trading, the lowest level since October 5, 2020. The Hang Seng Tech Index declined 0.8 per cent, while China’s Shanghai Composite Index was little changed.

Global markets sold off after the World Health Organization labelled the new Covid strain Omicron as a “variant of concern.” New cases have spread in Europe, prompting the UK, US and some European governments to ban related travels. Hong Kong recorded two such cases last week, while another was confirmed on Monday.

Categoría:Gaming

Tags: Sin tags

País: Macao

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