Monday 3 February 2020

China's stock market plunges as death toll rises

China's stock market plunged on restarting trading today after an extended Lunar New Year holiday.

While the Chinese stock market was closed, other markets had fallen on concerns over the coronavirus outbreak in China, with the S&P 500 plunging 1.8 percent on Friday to erase gains for the year.

The virus continues to spread, with the death toll hitting 360 in China on Monday, exceeding the country’s death toll from the 2002-03 Sars outbreak. The total number of infections has passed 17,200.

The first death from the virus outside China was reported on Sunday in the Philippines.

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