China’s benchmark stock index, the Shanghai Composite, saw its worst day since August 2015. It closes nearly 7.72% down in a $393 billion share sell off that saw the majority of stocks suspended after hitting the 10% daily volatility limit. Key background: Last week, the number of new coronavirus cases overtook the SARS outbreak in 2002-2003, in which 8,000 people were infected. Patients are reportedly waiting 10 hours to see a doctor, while some are facing medical supply shortages. Tangent: Uber has suspended 240 user accounts in Mexico after fears that they were transported by drivers who came into contact with someone who potentially has coronavirus.

Source: Forbes February 03, 2020 11:26 UTC