2/3, 7:48 AM (Source: TeleTrader)
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Asian markets slump as coronavirus death toll rises

Major stock markets in the Asia-Pacific region tumbled significantly on Monday as the coronavirus outbreak continues to be the investors' main concern. The World Health Organization reported the first case of death caused by the virus outside of China. The People's Bank of China announced it would pump 1.2 trillion yuan ($173.8 billion) into the economy amid worries the outbreak of the coronavirus will affect growth.

The Nikkei 225 tumbled 1.28% at 7:45 am CET, while the dollar was up 0.12% against the yen to go for 108.4820 at 7:45 am CET.

In Mainland China, the Shanghai Composite plummeted 8.25% at 7:44 am CET, while the Shenzhen Composite crashed 8.46% a minute later. Hong Kong's Hang Seng was flat at 7:47 am CET.

The South Korean Kospi decreased 1.28% at 7:34 am CET, while Australia's S&P/ASX 200 fell 1.46% at 7:45 am CET.

Breaking the News / MD