Coronavirus Exceeds SARS Toll; U.S., Other Countries Begin Evacuations; Air Traffic In Free-Fall As Virus Spreads; China Shuts Down Stock Market to Prevent Coronavirus Selloff

Chinese authorities have decided to suspend trading on the nation’s two major stock exchanges. This comes after fears of a coronavirus crash.

  • Chinese authorities have decided to suspend trading on the Shanghai and Shenzhen stock exchanges.
  • This move comes as the Wuhan coronavirus outbreak grows in size and severity.
  • The government is kicking the can down the road. Investors can expect a massive correction when trading resumes next Monday.

China’s financial markets will remain shuttered until Feb. 3 due to coronavirus fears, according to separate announcements from the Shanghai and Shenzhen exchanges.

The move comes as the Wuhan coronavirus outbreak grows in size and severity with many fearing it may lead to a global recession.+

Coronavirus Exceeds SARS Toll; U.S., Other Countries Begin Evacuations.

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