Asian markets fall as coronavirus continues to spread
Asia Pacific markets are falling Friday as fears about the novel coronavirus continue to spur a global sell-off.
Japan’s Nikkei 225 fell more than 3% in early trading. South Korea’s Kospi and Australia’s S&P/ASX 200 each lost more than 2%.
Hong Kong’s Hang Seng and China’s Shanghai Composite also dropped nearly 2% each.
The declines in Asia followed a historic plunge in the United States. All three major US indexes fell into correction territory on Thursday, and the S&P 500 posted its worst day since 2011. The Dow dropped 1,191 points, or 4.4% — its worst one-day point drop in history.