Outbreak Spreads in Gulf, Italy; Markets Roiled: Virus Update

(Bloomberg) — The coronavirus outbreak spread further outside China, sparking fears of a global pandemic. Italy, now the virus’s epicenter on the continent, is studying measures to support the local economy.Infections spiked again in South Korea and Iran, while Afghanistan, Bahrain and Kuwait all reported their first cases. That led to a renewed plunge in stocks globally and Europe’s debt risk jumped the most in two years.The Chinese government said it would postpone annual legislative meetings. Earlier on Monday, China said it would ease the quarantine in Wuhan and then abruptly reversed hours later, saying the lockdown would remain in …read more

Source:: Yahoo Finance

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