Stocks in Asia set to open lower as Dow plunges amid coronavirus fears

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Stocks in Asia were set to decline at the open on Tuesday following an overnight plunge of the Dow Jones Industrial Average as fears surrounding the ongoing coronavirus outbreak continue to grip investors.

The moves stateside came as at least 2,900 people globally have been infected by the virus that has killed more than 80 people in China. The's director general is set to meet with government and health officials in China.

"What is becoming a little clearer is that the Chinese economy will take a hit for a time, travel and tourism is being impacted in China, in Asia and elsewhere, including in Australia where the Chinese inbound tourism market is the largest market in exports of personal tourism and education," David de Garis, a director and senior economist at National Australia Bank, wrote in a note., which tracks the greenback against a basket of its peers, was at 97.937 after seeing levels below 97.

 

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