Shanghai stocks dive in first New Year session, other markets mixed

New York (AFP) – Shanghai equities plunged almost eight percent Monday as nervous traders returning from an extended Lunar New Year break finally weighed in on a public health crisis that has slowed the Chinese economy and roiled international stock markets.Oil prices also suffered a big drop, while equity markets in New York and Europe recovered some of their losses from Friday’s rout.Investors remained fixated on the coronavirus, which has afflicted more than 17,000 people in China and 150 beyond the country.China’s elite Politburo Standing Committee called for improvements to the “national …

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