FILE PHOTO: A boy looks at cargo ships passing along the Pearl River in Guangzhou, Guangdong province, August 6, 2014. REUTERS/Alex Lee
OSLO (Reuters) - Shipping group Golden Ocean warned on Tuesday its profit would be hit by a slowdown in demand due to the coronavirus outbreak in China, sending its shares down more than 3% in early trade.
The world's second-biggest economy has seen business activity curtailed in recent weeks as it battles to combat the spread of the virus, pushing down shipping rates for commodities such as coal and iron ore used in Chinese factories.
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