S.Korea airlines, tourism shares slide on coronavirus fears

Able C&C Co

28/01/2020 01:14

** South Korea-listed shares of airlines and tourism
companies fall on concerns of an impact on these industries due
to the spreading coronavirus outbreak
    ** The United States warned against travel to China on
Monday and Canada issued a more narrow travel warning as the
death toll from the virus rose to 81  urn:newsml:reuters.com:*:nL4N29V0FY
    ** South Korea's top 2 airlines, Korean Air Lines
 003490.KS  and Asiana Airlines  020560.KS , drop 6% and 7%,
respectively
    ** Shares of Hanatour Service  039130.KS  and Hotel Shilla
 008770.KS  fall 9% each
    ** Cosmetic shares fall, with Tonymoly  214420.KS  and Able
C&C  078520.KS  losing 10% and 11%, respectively; Chinese
tourists coming to Seoul are major buyers of Korean cosmetics
    ** The benchmark KOSPI  .KS11  is down 2.6%, while the
junior KOSDAQ  .KQ11  slides almost 3%

 ((Hayoung.Choi@thomsonreuters.com; +82 2 6936 1468))