HONG KONG (AFP): Investor nerves over the spread of a deadly new virus from China hammered Asian equities and oil benchmarks on Thursday (Jan 23), as authorities moved to contain the disease.
More than 570 people have been infected with the coronavirus across China and Wuhan, the city at the centre of the outbreak, has been placed under effective quarantine.
The virus has caused alarm because of its similarity to Sars , which killed hundreds of people in 2002-2003. China had taken"very, very strong measures" to contain the outbreak, WHO chief Tedros Adhanom Ghebreyesus said on Wednesday. But the London bourse was 0.5 per cent lower in early trade, extending Wednesday's losses in European markets after US President Donald Trump's renewed threat to impose tariffs on imported cars and a gloomy auto sales forecast.
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