Global shares at lowest in seven weeks due to Asian stocks
China’s Shanghai Composite index lost $420bn of its value while the yuan opened at its weakest level in 2020, sliding past the symbolic 7/$ level
03 February 2020 - 12:10
London — World shares sank to their lowest in seven weeks on Monday, dragged down by a plunge in Asian stocks on their first trading day after a long break on fears the coronavirus epidemic would hit demand in China.
Aiming to head off any panic, the Chinese government took steps to shore up an economy hit by travel curbs and business shutdowns because of the virus...
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