Asian markets fall as coronavirus continues to spread

Asia Pacific markets are falling as fears about the novel coronavirus continue to spur a global sell-off

Hong Kong Asia Pacific markets are falling Friday as fears about the novel coronavirus continue to spur a global sell-off.

Japan's Nikkei 225 and Australia's S&P/ASX 200 both fell more than 3% in early trading. South Korea's Kospi lost 1.6%.The declines in Asia followed a historic plunge in the United States. All three major US indexes fell into correction territory on Thursday, and the S&P 500 posted its worst day since 2011. The Dow dropped 1,191 points, or 4.4% — its worst one-day point drop in history.In after hours trading, US stock futures posted modest gains, up between 0.3% and 0.4%.

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