Coronavirus sends global stock markets in tailspin amid rising pandemic concerns

Posted on February 24, 2020 4:07 am
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Asian and European stock markets tumbled sharply on Monday after the number of confirmed coronavirus cases beyond China, including in South Korea and Italy, jumped over the weekend.

South Korea’s benchmark Kospi fell almost 3.9 percent and hit the lowest point since early December, closing at 2,079.04 points, while the Kosdaq index, which mainly includes small-cap technology stocks, ended the first trading day of the week down 4.3 percent.

Other Asian key indices such as Hong Kong’s Hang Seng and China’s Shanghai Composite also were down on Monday, losing 1.75 percent and 0.28 percent respectively.

European markets were also