Global shares and oil slid on Monday while safe-haven gold surged as the spread ...
SYDNEY - Global shares and oil slid on Monday while safe-haven gold surged as the spread of the coronavirus outside China darkened the outlook for world growth with infections and deaths rising in South Korea, Italy and the Middle East.
South Korea put the country on high alert while the number of infections jumped to 763 and deaths rose to seven. In Italy, officials said a third person infected with the flu-like virus had died, while the number of cases jumped to above 150 from just three before Friday. U.S. stock futures were dumped with E-minis for the S&P500 falling 1.4% while Nikkei futures stumbled 2.7%. EuroStoxx 50 futures declined about 2% while futures for London’s FTSE skidded 1.3%.Australia’s benchmark index slid 2.3% while New Zealand was about 1.8% lower.
It has spread to some 28 other countries and territories, with a death toll of around two dozen, according to a Reuters tally.
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