ROME: Financial markets around the world crashed on Monday (March 9) and millions of people in northern Italy were in lockdown as officials struggled to contain the spread of the Covid-19 (coronavirus). The government is attempting to shutter an area home to a quarter of the population -- including Milan and Venice -- mimicking a lockdown at the disease's epicentre in China.
A foreign currency dealer wearing a protective mask works in front of a monitor displaying the Korea Composite Stock Price Index at the Hana Bank in Seoul. Financial markets around the world crashed on Monday and millions of people in northern Italy were in lockdown as officials struggled to contain the spread of the Covid-19 . - Bloomberg
British and German stock markets slumped by more than eight percent in opening deals on Monday following earlier losses in Asia, where markets opened with some of the heaviest falls since the global financial crisis. There are mounting concerns that the United States -- the world's largest and most connected economy -- could be the next Covid-19 hotspot.A string of Republican politicians reported they were among those who may have come into contact with the disease -- including former presidential candidate Ted Cruz.
The Grand Princess, which has 21 confirmed novel coronavirus infections among 3,500 people on board, is due to dock in Oakland on Monday. Trump has argued they should stay on the ship. Market researchers at ANZ Bank said Trump's response was fuelling global financial jitters, along with a price war between oil producers that saw energy markets collapse Monday.
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