Asian shares fell on Monday as the death toll from a coronavirus outbreak exceed...
SYDNEY - Asian shares fell on Monday as the death toll from a coronavirus outbreak exceeded the SARS epidemic of two decades ago, though Chinese shares gained as authorities lifted some work and travel restrictions, helping businesses to resume operations.
To contain the spread, China’s government had ordered lockdowns, canceled flights and shut schools in many cities. But on Monday, workers began trickling back to offices and factories though a large number of workplaces remain closed and many white-collar workers will continue to work from home. “Overall, I think, there is still a concern out there that the impact from the coronavirus hasn’t been fully quantified,” he added.
Monday’s losses in Asia extended from Wall Street on Friday where the Dow fell 0.9%, the S&P 500 declined 0.5% while the Nasdaq lost 0.5%.
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