Stocks drop as new coronavirus fears escalate

Shares slid on Monday as investors shunned equities on growing concerns over the scope of a China virus outbreak, with safe-haven assets such as the Japanese yen and Treasury notes in greater demand. Concerns over the spread of the coronavirus in China, and the potential economic impact, continue to generate financial market headlines. "Media wins -- all you see is headlines about the coronavirus, giving investors a reason to sell the markets," said Takeo Kamai, head of executions services at CLSA in Tokyo.

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