Stocks and crude oil tumbled Monday on concerns about China’s viral outbreak, as the detection of infected patients in the U.S., Australia and France led to escalating concerns about its containment and potential economic impact. Futures linked to the Dow Jones Industrial Average index dropped 1.4%. In Europe, the Stoxx Europe 600 retreated 2%, led by declines in the U.K. and France. The Chinese yuan slumped 0.7% against the dollar in offshore trading and the Australian dollar declined 0.8%.

Source: Wall Street Journal January 27, 2020 10:10 UTC