To: TobagoJack who wrote (153141 ) 2/10/2020 8:40:57 AM From: Pogeu Mahone Respond to of 217793 Hot Pot Stocks Slide After Family Gets Coronavirus in Hong Kong By Jeanny Yu February 9, 2020, 10:38 PM EST Updated on February 10, 2020, 3:41 AM EST Haidilao, Xiabuxiabu among decliners after news of outbreak Nine people infected with virus after family gathering Diners cook food in a pot at a Haidilao hotpot restaurant in Hong Kong. Photographer: Anthony Kwan/Bloomberg Chinese hot pot stocks skidded in Hong Kong on Monday, after members of the same family who shared a large dinner in January were confirmed to have the coronavirus. Xiabuxiabu Catering Management China Holdings Co. , a major hot pot restaurant operator, fell as much as 8.3% before closing down 7.1%. Peer Haidilao International Holding Ltd. ended 4.8% lower while Yihai International Holding Ltd. , which makes seasonings and sauce products for hot pot, dropped 2.7%. Nine of the 19 people who had joined a family gathering on Jan. 26 have been infected with the virus after sharing a hot pot and barbecue meal, said Hong Kong’s department of health on Sunday night. Hot pot is a popular Chinese cuisine in which food is cooked in a communal bowl. Diners cook food in a pot at a Haidilao hotpot restaurant in Hong Kong. Photographer: Anthony Kwan/Bloomberg What You Need to Know About the Spreading Coronavirus: QuickTake The hot pot sector was a strong spot for Hong Kong’s struggling stock market in 2019. Yihai was one of the best performing stocks on the Hang Seng Composite Index last year with a 139% surge, while Haidilao rose 82%. Both are near 2019’s closing levels while Xiabuxiabu has skidded 22% this year, making it one of the index’s biggest decliners. UP NEXT Coronavirus Outbreak: Virus News and Analysis for Feb. 10, 2020