The coronavirus outbreak has made it more challenging for Hong Kong rail operator MTR, which was already reeling from its worst financial performance last year, after months of protests.
The oil price rout this week may be a chance for the industry to restructure and could ultimately be a positive for the market, a strategist said on Wednesday.
The new coronavirus has infected more than 110,000 people across at least 110 countries and territories, with over 4,000 deaths globally, according to the World Health Organization.
Stocks in Australia also saw sharp declines as the S&P/ASX 200 dropped 3.6% to close at 5,725.90. The day's moves left the index in bear market territory, meaning it was more than 20% lower than its 52-week high.
UBS Global Wealth Management's Kelvin Tay told CNBC there's a "semblance that production capability is actually now coming back to the Chinese economy," citing reasons such as a decline in the number of infections in the country.
Africa's largest mobile network by subscribers, MTN Group Ltd, said on Wednesday its group chief executive, Rob Shuter, would step down from his role in March 2021.
Dhillon's departure comes at a critical time for Tesla, as the company works to cram production of four different electric car models into its Fremont plant.
The Evergreen State has 162 confirmed coronavirus cases across eight counties, but infectious disease experts say the actual number could be closer to 1,000 or more, Inslee said.