Shanghai stocks hit by $370 bln wipeout as virus fears pound Chinese markets

SHANGHAI/SINGAPORE, Feb 3 (Reuters) – Chinese stock and commodity markets fell heavily at the open on Monday, in the first trading session after an extended Lunar New Year break, as investors dumped risky assets in response to rising fears about the spread of a new virus across China. The plunge wiped almost $370 billion in market capitalisation from the benchmark Shanghai Composite index , which opened nearly 9% lower. The total number of deaths in China rose to 361 as of Sunday, and the number of infections to 17,205. …read more

Source:: Yahoo Finance

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