Coronavirus: shares in Asia Pacific fall sharply as fears mount

Memories of 2003’s Sars outbreak cause jitters on financial markets, with Hong Kong worst hit, as death toll rises to four

Shares have fallen across Asia Pacific amid mounting concerns about a new strain of coronavirus in China that has left at least four people dead and spread to at least four countries.

With the economic damage done by the devastating 2003 Sars virus still fresh in the mind of many traders, stocks were sold heavily on Tuesday and expectations grew that the markets were in for more falls in the days ahead.

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