World financial markets rocked by China coronavirus
by Richard Partington Economics correspondent from on (#4YB4T)
Oil and travel shares slide amid fears outbreak could hit growth in second largest economy
Financial markets around the world have been rattled by the coronavirus outbreak, with its centre in Wuhan, a city known as the Chicago of China for its central location and booming car manufacturing industry.
Amid growing concern over the spread of the virus, China has put Wuhan and four other cities with a combined population of more than 20 million on lockdown. It has banned travel during the biggest mass annual human migration on the planet for the lunar new year this weekend, when up to 400 million Chinese are expected to travel across the country to celebrate with friends and family.
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