Stateside, U.S. stock futures hit 'limit down' on Sunday evening, meaning they cannot fall any lower.
Meanwhile, futures pointed to a lower open in Japan as they returned from a Friday holiday. The Nikkei futures contract in Chicago was at 16,320, as compared to the"The economic costs of the COVID-19 outbreak are beginning to reveal themselves," Richard Yetsenga, chief economist at ANZ, wrote in a note. "We have substantially revised our G3 growth forecasts lower, with the US likely to record its weakest performance since 1946.
The global coronavirus outbreak continues to spread rapidly across the world, with the number of infected now over 294,000 and more than 12,900 lives taken, according to data from the World Health Organization.
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