European stocks are set to tumble at Monday's open as fears over the economic fallout from the Chinese coronavirus outbreak intensify.
surged as investors sought shelter from the potential economic impact, with the specter of the SARS crisis of 2003 hanging over markets.
Most Asian markets remain closed on Monday for the Lunar New Year, but Japan's Nikkei 225 was down by around 1.83%. Back in Europe, Italy's right-wing Lega party has failed in its bid to oust the center-left Democratic Party from its northern stronghold of Emilia-Romagna, falling short in a closely-watched regional election on Sunday.
In corporate news, Reuters reported on Monday, citing sources, that the Swiss Financial Market Supervisory Authority is looking into the role of the Credit Suisse board in the lender's recent spying scandal.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chinese President Xi Jinping calls situation serious as China scrambles to contain virusCities from central China to Hong Kong are scrambling to stop the spread of an illness that has infected more than 2,000 people and killed at least 56.
Read more »
Hong Kong Disneyland says closing over China virus fearsThe move came as city leader Carrie Lam faced criticism in some quarters over her administration's response to the crisis, including calls to halt, or limit, arrivals from the Chinese mainland where the epidemic began.
Read more »
Factbox: Latest on the coronavirus spreading in China and beyondThe coronavirus outbreak that began in the central Chinese city of Wuhan has kil...
Read more »
Wuhan coronavirus: Thousands of cases confirmed as China goes into emergency modeAcross China, 15 cities with a combined population of over 57 million people have been placed under full or partial lockdown, as the country initiates emergency procedures to rein in the Wuhan coronavirus.
Read more »
China counts 2,700 cases of new virus, 80 deathsSmall numbers of cases also have been found in Thailand, Taiwan, Japan, South Korea, the US, Vietnam, Singapore, Malaysia, Nepal, France and Australia.
Read more »