Coronavirus fears wipe $393 billion off China's stock market

Investors erased $393 billion from China’s benchmark stock index on Monday, sold the yuan and dumped commodities as fears about the spreading coronavirus and its economic impact drove selling on the first day of trade in China since the Lunar New Year.   A nearly 8 per cent plunge on the Shanghai composite index was its biggest daily fall in more than four years.

The Chinese yuan blew past the 7-per-dollar mark and Shanghai-traded commodities from palm oil to copper hit their maximum down limits.   The wipeout came even as.

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