Disney drops 3% after Wuhan coronavirus forces closure of Shanghai and Hong Kong theme parks
|01/27/2020||Posted by BusinessMediaguide.Com under General World News||
- Disney has temporarily closed its Shanghai and Hong Kong theme parks as Wuhan coronavirus sweeps across Asia.
- The entertainment titan’s stock fell nearly 3% on Monday.
- The shutdowns are poorly timed as protests in Hong Kong and weaker consumer confidence have weighed on crowd sizes at both parks.
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Disney has temporarily closed its Shanghai Disney Resort and Hong Kong Disneyland Resort in an effort to slow the spread of Wuhan coronavirus. The news pushed Disney’s stock down nearly 3% on Monday.