Stocks in Japan were set to decline on Friday following an overnight plunge on Wall Street amid fears of the economic hit that could result from the ongoing coronavirus outbreak that is spreading beyond China.
as the country witnessed a spike in the number of coronavirus cases in recent days. Seoul raised the coronavirus alert to the "highest level" over the weekend, with South Korea now the country with the most cases outside mainland China.Yonhap reported Tuesday
. The Composite Consumer Sentiment Index for February fell to 96.9, declining 7.3 points from its reading in January, according to data from the Bank of Korea. Outside of Asia, Italy has also seen a surge in the number of infected, with at least 130 reported cases. "The jump in cases outside of China raises the risk of a sharper Q1 2020 global economic slowdown," Kim Mundy, currency strategist at Commonwealth Bank of Australia, wrote in a note. "It also raises the risk that the economic disruption is more prolonged."
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.
These Dow stocks hold up the most during rough times for the marketNew for subscribers: These Dow stocks hold up the most during rough times for the market Check out CNBCPro and get your first 30 days free.
Read more »
Dow closes down 1,000 points as coronavirus fears slam Wall StreetAll three major indices plummeted Monday as fears grew that the epidemic would begin to choke supply chains worldwide.
Read more »
Stock market live updates: Dow futures down 770, airlines slide, Apple dropsStock market live updates: Gold futures gained more than 2% to around $1,680 per ounce, reaching its highest level since Jan. 23, 2013.
Read more »
Dow futures plunge 800 points as coronavirus cases outside China jumpU.S. stock futures tumbled Monday after a sharp rise in coronavirus cases outside China revived concerns about an economic fallout from the outbreak.
Read more »
Dow Jones plummets 900 points as coronavirus cases surge
Read more »
Markets Plunge, Dow Drops 900 Points As Global Coronavirus Outbreak WorsensStocks tanked amid fears that the economic impact from the coronavirus could be far worse than originally thought.
Read more »