Latest news for Hang Lung Group (OTC:HNLGY) Stock

Hang Lung Group

Hang Lung Group Ltd is an investment holding company engaged in the property leasing business. The Company operates its business through two segments. The Property Leasing segment engages in the property leasing operation. The Company's investment properties portfolio consists of retail, office, residential, serviced apartments, and car parks, located in mainland China and Hong Kong, and the Property Sales segment engages in the development and sale of trading properties in mainland China and Hong Kong. It derives a majority of its revenue from the property leasing segment.

Government

News

Health Care

Travel

Global

Markets

Tech

Media

General

AAGIY

BABA

HNLGY

HSBC

Internationalnsolidated Airlines Group Sponsored American Depository Receipt

ICAGY

PNGAY

TCEHY

Alibaba, Tencent, HSBC, Other Hong Kong Stocks Drop Over Coronavirus Concerns As Markets Open After Holiday

HANG LUNG GROUP LTD S/ADR by Hang Lung Group Ltd.

Hang Lung Group Ltd

Hang Lung Group goes ex dividend tomorrow

Hang Lung Group: Paid To Wait For Better Times

HNLGF

Hong Kong saw a market-wide drop on Wednesday as markets opened after the Lunar New Year holidays.

<h3>What Happened</h3>

Concerns over the spread of novel coronavirus continue as the official death toll rose to 132 by the end of Tuesday (Beijing Time), with 5,974 cases confirmed, as <a href="http://www.xinhuanet.com/english/2020-01/29/c_138740593.htm">reported</a> by China&#39;s state-run Xinhua News Agency.

Governments across the globe, including the United States and Australia, are advising citizens to avoid unnecessary travel to China, while&nbsp;many companies, including Facebook Inc. (NASDAQ:<a class="ticker" href="/stock/FB#NASDAQ">FB</a>), have restricted employee travel to the country.

International Consolidated Airlines Group (OTC:<a class="ticker" href="/stock/ICAGY#OTC">ICAGY</a>) subsidiary British Airways has suspended all direct flights to and from China.

United Airlines Holdings, Inc. (NASDAQ:<a class="ticker" href="/stock/UAL#NASDAQ">UAL</a>) suspended some of its flights to and from China as President Donald Trump&#39;s administration said it might suspend all flights between the two countries all together if coronavirus poses a bigger threat, the Washington Post <a href="https://www.washingtonpost.com/local/trafficandcommuting/white-house-warns-airlines-a-ban-of-all-china-u-s-flights-is-possible-amid-growing-concerns-about-coronavirus-outbreak/2020/01/28/e39ae8ee-422b-11ea-aa6a-083d01b3ed18_story.html">reported</a>.

The first case in the middle-east region was confirmed in the United Arab Emirates Wednesday, as <a href="https://www.khaleejtimes.com/uae/abu-dhabi/Coronavirus-UAE-confirms-first-case-of-2019-nCoV-virus-in-visitor-from-Wuhan">reported</a> by Khaleej Times.

Hong Kong has suspended all train and ferry services to and from mainland China, the flights have been halves, and no permits are being issued to visitors from the mainland, BBC <a href="https://www.bbc.com/news/world-asia-china-51279726">reported</a> Tuesday. At least eight deaths have been confirmed in the special administrative region.

<h3>Price Action</h3>

Here&#39;s how Hong Kong stocks performed at close on Wednesday:

The overall Hang Seng Index closed 2.82% lower at 27,160.63.

Chinese e-commerce giant Alibaba Group Holdings Ltd. (NYSE:<a class="ticker" href="/stock/BABA#NYSE">BABA</a>) was down 3.36% at $26.68; the&nbsp;internet conglomerate Tencent Holdings Ltd. (OTC:<a class="ticker" href="/stock/TCEHY#OTC">TCEHY</a>) traded 0.67% lower at $49.29.

British bank HSBC Holdings plc (NYSE:<a class="ticker" href="/stock/HSBC#NYSE">HSBC</a>) was down 2.04% at $7.40.

Life insurer AIA Group Ltd. (OTC:<a class="ticker" href="/stock/AAGIY#OTC">AAGIY</a>) closed 2.65% lower at $10.39; Ping An Insurance (OTC:<a class="ticker" href="/stock/PNGAY#OTC">PNGAY</a>) was down 3.32% at $11.80.

Real estate company Hang Lung Properties&#39; (OTC:<a class="ticker" href="/stock/HNLGY#OTC">HNLGY</a>) shares dropped 6.67% lower at $2.16.

Markets in Japan and South Korea made a recovery after <a href="https://www.benzinga.com/markets/cryptocurrency/20/01/15195269/asia-stocks-drop-as-death-toll-from-coronavirus-continues-to-rise-companies-hold-back">the plunge</a> on Tuesday. Nikkei 225 index was up 0.71% at 23,379.40, and KOSPI closed 0.39% higher at 2,185.28.

Related Links

<a href="https://www.benzinga.com/markets/cryptocurrency/20/01/15195269/asia-stocks-drop-as-death-toll-from-coronavirus-continues-to-rise-companies-hold-back">Asia Stocks Drop As Death Toll From Coronavirus Continues To Rise, Companies Hold Back</a>

<a href="https://www.benzinga.com/markets/cryptocurrency/20/01/15195491/crypto-markets-cryptocurrencies-surge-as-coronavirus-spreads-singapore-brings-new-regulati">Crypto Markets: Cryptocurrencies Surge As Coronavirus Spreads, Singapore Brings New Regulation</a>

Comments

Hang Lung Group

News

Latest news for Hang Lung Group (OTC:HNLGY) Stock

Wednesday, January 29, 2020

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga