Stocks in Asia were set to decline at the open on Tuesday following an overnight plunge of the Dow Jones Industrial Average as fears surrounding the ongoing coronavirus outbreak continue to grip investors.
The moves stateside came as at least 2,900 people globally have been infected by the virus that has killed more than 80 people in China. The's director general is set to meet with government and health officials in China.
"What is becoming a little clearer is that the Chinese economy will take a hit for a time, travel and tourism is being impacted in China, in Asia and elsewhere, including in Australia where the Chinese inbound tourism market is the largest market in exports of personal tourism and education," David de Garis, a director and senior economist at National Australia Bank, wrote in a note., which tracks the greenback against a basket of its peers, was at 97.937 after seeing levels below 97.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
World stocks skid on growing virus fears; Dow drops 500BREAKING: U.S. stocks tumble following a sell-off in Europe and Japan as the coronavirus outbreak grows. The Dow Jones Industrial Average drops 500 points in early trading as travel company stocks sink.
Read more »
Coronavirus fears send stocks lower—what Cramer and other Wall Street pros are watchingWorries around China's coronavirus outbreak pushed the major averages lower on Monday as market commentators gauged its overall impact on stocks.
Read more »
European stocks set to fall sharply as China virus fears intensifyEuropean stocks are set to tumble at Monday's open as fears over the economic fallout from the Chinese coronavirus outbreak intensify.
Read more »
Global Stocks Slide on Coronavirus FearsStocks and crude oil tumbled as the detection of the coronavirus in new patients in the U.S., Australia and France led to escalating concerns about the containment and potential economic impact of the dangerous outbreak.
Read more »
Stocks, oil hit by China virus fears, safe havens gainCoronavirus outbreak fears have pushed stocks around the world lower, as demand spikes for safe-haven assets. Read more:
Read more »
U.S. Stocks Drop at Opening on Coronavirus FearsU.S. stock indexes dropped at the opening as the detection of coronavirus in new patients in the U.S., Australia and France led to escalating concerns about the containment and potential economic impact of the dangerous outbreak.
Read more »