Global markets rally after biggest Chinese fall in five years

Despite coronavirus concerns, share prices stabilise over hopes it can be contained

Fears that a coronavirus-inspired plunge in Chinese share prices would prompt a global selloff proved unfounded as investors in Europe and the US shrugged off the biggest fall in the Shanghai stock market in five years.

Shares in London and New York rose - helping to reverse a part of last week's falls - despite a drop of 9% at one stage in China's main stock market index.