HSBC, Shell Send Staff Home in H.K., Singapore on Virus Threats

  • HSBC employee under quarantine, Shell sends traders home
  • Hong Kong, Singapore have had more than 50 cases each
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HSBC Holdings Plc and Royal Dutch Shell Plc are sending staff home in Hong Kong and Singapore after contact with people infected by the coronavirus, adding to concerns the disease will spread more broadly across the two Asian financial hubs.

HSBC, which employs 21,000 people in Hong Kong, on Friday revealed one of its employees has been placed under government quarantine after “close contact” with relatives diagnosed with the coronavirus. The bank is contacting staff who may have recently come in close contact with the individual, and will advise them to observe 14-day self-care at home, according to a memo sent to staff, which was confirmed by a Hong Kong-based spokeswoman.