It cannot be verified whether the claim is true that China has declared a "State of Emergency" due to an outbreak involving multiple viruses, such as HMPV, Mycoplasma pneumoniae, and COVID-19.
Today's sell-off in Chinese equities is unusual, particularly if attributed solely to weak PMI manufacturing data, as it is also heavily affecting banks and insurance sectors. The chinese media appears reluctant to report on multiple virus outbreaks, possibly to avoid offending the communist party.
$BABA-W(09988)$ $Ping An Insurance (Group) Company Of China, Ltd.(601318)$ $SSE Comp(000001.SH)$ $BOC HONG KONG(02388)$ $HSI(HSI)$
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Modified in.01-02
💰 Stocks to watch today?(24 Jan)
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