Chinese stocks crash as viral panic infects markets

Shanghai (AFP) – Chinese stocks collapsed Monday with Shanghai’s index posting its biggest single-day drop since 2015 — and hundreds of firms plunging the maximum 10 percent — as panic set in over China’s coronavirus epidemic.Monday was the first time in more than a week that Chinese investors were able to react to a viral outbreak that has now killed more people than the 2002-03 SARS outbreak, and they sold frantically.The benchmark Shanghai Composite Index shed 7.72 percent, or 229.92 points, to close at 2,746.61, and the Shenzhen Composite Index dropped 8.41 percent, or 147.81 points, to …

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