The MSCI All-Country World Index, which tracks shares across 47 countries, was down 0.72%. The flu-like virus emerged late last year in the central Chinese city of Wuhan and has since spread to more than 80 countries. Travel restrictions and factory closings aimed at curbing the spread of the virus are expected to pressure global growth. Earlier in Asia, MSCI’s broadest index of Asia-Pacific shares outside Japan fell 2.1%, while Japan’s Nikkei stock index sank 2.94%. Shares in China fell 1.22%, while stocks in Hong Kong, another city hard hit by the virus, fell 2.12%.

Source: The Express Tribune March 06, 2020 14:03 UTC