World shares slipped off 21-month highs on Wednesday as the prospect of a US interest rate cut was offset by reports a Sino-US trade deal may be delayed,
Most European and US markets followed Asia lower after Hong Kong slumped 2.8 per cent by the close and Shanghai ended with a loss of 1.4 per cent.
More than 570 people have been infected with the coronavirus across China and Wuhan, the city at the centre of the outbreak, has been placed under effective quarantine.
Taiwan shut down its financial markets and ordered schools closed on Monday as a typhoon approached its northeastern coast, while airlines cancelled more than 150 flights amid
The new coronavirus epidemic poses a “serious threat” and will slow growth in the world economy to below the 2.9 per cent posted last year, IMF chief Kristalina Georgieva said on Wednesday.
Feel the warmth and magic of the winter festive season at these markets brimming with trinkets, toys and the lingering aroma of Christmassy delicacies.
Markets in Hong Kong, Taiwan and mainland China were closed Tuesday for Lunar New Year holidays, while South Korea's benchmark tumbled 3.1% to 2,176.72 as it reopened after its own holidays.