Global stock markets plunge on coronavirus fears
The moves came as the outbreak continued to spread outside of China, with Iran, South Korea and Italy reporting a surge in cases.
About 77,000 people in China, where the virus emerged last year, have been infected and nearly 2,600 have died.
More than 1,200 cases have been confirmed in about 30 other countries and there have been more than 20 deaths. Italy reported three more deaths on Monday, raising the total there to six.
“There has been so much complacency in recent weeks from investors, despite clear signs that China’s economy is facing a large hit and that supply chains around the world were being disrupted,” said Russ Mould, investment director at AJ Bell.
“Markets initially wobbled in January, but had quickly bounced back, implying…
