By Jane Chung and Emily Chow
By Jane Chung and Emily Chow
SEOUL/SHANGHAI, Feb 24 (Reuters) – Fears grew on Monday that the coronavirus outbreak in China will develop right into a pandemic with disruptive and lethal penalties for international locations around the globe, after sharp rises in infections in South Korea, Italy and Iran.
A surge of infections in South Korea and Italy, and an alarming rise within the dying toll in Iran over the weekend, triggered steep falls in Asian share markets and Wall Avenue inventory futures on Monday as traders fled to protected havens comparable to gold.
Shares and oil costs tumbled whereas gold soared to a seven-year excessive. The Korean received KRW= fell 0.8% to its lowest since August. MKTS/GLOB
“The information circulation from the weekend has modified the sport considerably, the place the main focus is way more on the specter of an outbreak exterior of China,” stated Chris Weston, head of analysis at dealer Pepperstone.
French Well being Minister Olivier Veran stated he would discuss together with his European…