US stock futures fall more than 1pc as coronavirus fears spread

Business & Finance
27 Jan 2020 • 7:24 AM MYT
Malay Mail
Malay Mail

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Traders work on the floor of the New York Stock Exchange in New York. — Reuters pic

TOKYO, Jan 27 ― US S&P500 e-mini futures fell more than 1 per cent in Asian trade today on mounting worries the new coronavirus outbreak could severely disrupt the Chinese economy, an engine of global growth.

China's Cabinet said it would extend the week-long Lunar New Year holiday by three days to February 2 and Hong Kong banned residents of China's Hubei province, where the new coronavirus outbreak was first reported, from entering the city. ― Reuters