Anthony Wallace/AFP via Getty ImagesTopline: Global stock markets plunged on Monday, moving sharply lower amid rising concerns over the severity and economic impact of the deadly coronavirus that continues to rapidly spread across China and to other countries. The deadly coronavirus that originated in Wuhan, China, continues to spread globally, with 81 people now dead and more than 2,800 infected by Monday morning. Tangent: Several different groups of stocks were particularly hard hit by concerns about the financial fallout of the coronavirus. Even some consumer goods stocks, like those who have substantial business in China, were also affected. While the impact of the coronavirus on China’s already slowing economy remains to be determined, if comparable to SARS, it could be substantial.

Source: Forbes January 27, 2020 14:32 UTC