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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (153141)2/10/2020 5:31:43 AM
From: stsimon  Read Replies (1) | Respond to of 217793
 
The fog of war will likely take some time to resolve itself, either in sunshine or disaster, or any point in between.



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.

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Coronavirus Outbreak: Virus News and Analysis for Feb. 10, 2020