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China counts economic cost of virus as markets plunge, death toll up
A man wears a face mask in a deserted shopping street in Jiujiang, Jiangxi province in China on February 2, 2020, as the country is hit by an outbreak of the novel coronavirus. PHOTO | REUTERS
Investors worried about the spread of the coronavirus wiped more than $400 billion off the value of China’s stocks in the first trading session on Monday after an extended Lunar New Year break while the death toll from the epidemic rose to 361.
Markets plunged at the open in their first session since January 23, when the outbreak of the newly identified virus had claimed only 17 lives in Wuhan city, the epicentre of the outbreak, in the central province of Hubei.
