In this Feb. 12, 2020, photo, a worker disinfects a mall near an advertisement for a car in Beijing, China. Automakers are gradually reopening factories in China that were idled by anti-virus control. (AP Photo/Ng Han Guan)
BEIJING (AP) — The Beijing auto show, the industry's biggest global event of the year, is being postponed in response to the spread of China's new virus.
Auto China 2020, originally scheduled for April 21-30, is being pushed back to an undetermined date, the organizers announced.
The Beijing event and a companion auto show held in Shanghai in alternate years are increasingly important to automakers that are trying to reverse a sales slowdown in China's market, the world's biggest.
Other events including the Shanghai Formula 1 Grand Prix, a major arts festival in Hong Kong and the mobile phone industry's biggest conference of the year in Spain also have been canceled or postponed due to the virus.
China is also considering whether to postpone the meeting in March of its ceremonial parliament.
This story corrects reference to when the auto show is held, switching between Beijing and Shanghai each year.
15 Stocks that Insiders Love
An insider trade occurs when a corporate executive (such as a CEO, CFO or COO) that has non-public information about a company buys or sells shares of that company's stock. Company insiders are required by law to regularly report their stock purchases and sales to the SEC.
Tracking a company's insider trades is a metric that can be used to identify the direction that the company's executives believes that the company is headed. If a number of insiders purchase more shares of their company, they may believe that the company will have strong future earnings and that the share price will increase in the near future.
For example, if Microsoft's CEO, CFO and COO all recently purchased additional shares of Microsoft stock, that would be an indication that there could be unreported news that may positively effect Microsoft's stock price in the near future.
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View the "15 Stocks that Insiders Love".