Stocks tanked amid fears that the economic impact from the coronavirus could be far worse than originally thought.
Italy is now the biggest coronavirus outbreak outside of Asia—with over 200 cases reported and five people dead, while South Korea has gone on high alert thanks to a spike in reported cases, which have surged past 800.biggest dropThe main market index in Italy fell over 4.5%, while South Korea’s Kospi index declined 3.9% on Monday, itsA wide variety of stocks were down on Monday. Airlines like Delta and American both fell by around 6%.
in the Middle East. With over 60 cases and 12 deaths in Iran, several neighboring countries have closed their borders.
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