Chinese markets had a decidedly bad day but others seem to have priced in emerging coronavirus risks
Chinese stocks tumbled Monday as investors got their first chance in more than a week to react to the coronavirus that is gripping the country, but action was muted in other markets that had already priced in some emerging risks.
In Asian trading, the benchmark Shanghai Composite Index closed 7.7% lower, with many stocks dropping by the maximum 10% that is allowed, including airlines and brokerages.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CDC Confirms Seventh Case of Coronavirus in the U.S. as Global Death Toll Continues to RiseThe respiratory illness, which originated in China, has spread to 19 different countries, including the U.S.
Read more »
Coronavirus updates: The latest news on the outbreak and the global responseLatest on coronavirus outbreak: • Death toll in China climbs to 259 • More than 11,700 confirmed cases • US declares public health emergency • 8th case confirmed in the US, 1st in Massachusetts More:
Read more »
White House advisers study potential economic fallout from coronavirus as global response intensifiesThe White House National Economic Council and the Council of Economic Advisers are jointly assessing both the potential short-term and long-term effects.
Read more »
Coronavirus updates: The latest news on the outbreak and the global responseFirst coronavirus death outside China reported in Philippines as confirmed cases inside the country rises to 14,412.
Read more »
Coronavirus Closes China to the World, Straining Global EconomyRarely has such an integral part of multinational industry and trade faced such an abrupt and open-ended freeze out. Apple and Starbucks close stores, airlines suspend flights, companies recall executives ‘Our employees are panicking.’
Read more »