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Coronavirus

Chinese stocks tumble nearly 8% as coronavirus spreads

All sectors close lower, as central bank injects $174bn of liquidity into market

A man stands in front of a screen showing the Shanghai Composite Index outside a brokerage in Tokyo on Feb. 3. The benchmark index tumbled 7.7%.   © Reuters

HONG KONG -- Investors fled Chinese equities on Monday as financial markets reopened after the extended Lunar New Year break, with stocks logging their biggest single day fall since 2015. The yuan and commodities also tumbled, as investors counted the economic impact from the spreading coronavirus outbreak.

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