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Virus fears wipe $393 billion off China’s stock market despite government support moves | Reuters
Source: Photo by Macau Photo Agency on Unsplash

Virus fears wipe $393 billion off China’s stock market despite government support moves | Reuters

China has seen a $393 billion drop in their stock market. The economic impact of the fast-spreading Coronavirus has led to fearful investors turning elsewhere. The Shanghai composite index took a drop of 8%, and numerous products have hit their maximum down limits.  Oil, iron ore, copper and soft commodities have all dropped down to average global prices. Industry and hospitality workers are also suffering as factories close down, and customers refuse to risk going out. As of Sunday, the number of confirmed deaths caused by the Coronavirus has reached 361.

Source: https://www.reuters.com/article/us-china-markets/virus-fears-wipe-393-billion