Asian markets fall on fears over economic impact of virus

Hong Kong, Jan 30 (AFP/APP): Asian markets fell Thursday with investors concerned about the economic impact from the spread of the new coronavirus as China reported more than 1,700 new infections. Airlines around the world are either suspending or paring back services in and out of China following cases of human-to-human transmission outside the country and manufacturers have also been cutting their Chinese operations. The World Health Organization, which initially downplayed the severity of the disease, warned all governments to be “on alert” as it weighs whether to declare a global health emergency. US Federal Reserve Chairman Jerome Powell said … Continue reading Asian markets fall on fears over economic impact of virus