Coronavirus fears infect global markets

Asian stock markets slumped Tuesday as a mysterious pneumonia taking hold in China spooked investors

Most European and U.S. markets followed Asia lower after Hong Kong slumped by 2.8 percent by the close and Shanghai ended with a loss of 1.4 percent.

AJ Bell investment director Russ Mould attributed the weakness in stock markets in Asia and beyond to "Reports the deadly virus has spread to neighboring countries, with all the potential economic disruption that could cause."

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Coronavirus fears infect global markets