Asian markets plunge amid coronavirus fears & fall in oil prices

Equity markets collapsed today as the rapidly spreading coronavirus fans fears over the global economy, while a crash in oil prices added to the panic with energy firms taking a hammering and wiping hundreds of billions off valuations. While governments and central banks have unleashed or prepared to roll out stimulus measures, the spread of COVID-19 is putting a huge strain on economies and stoking concerns of a worldwide recession. Trading floors were a sea of red, with Tokyo and Manila plungi...