The plunge wiped almost $370 billion in market capitalization from the benchmark Shanghai Composite index .SSEC, which opened nearly 9% lower.
The virus has created alarm because it is spreading quickly, much about it is unknown, and authorities’ drastic response is likely to drag on global growth. “It is a clear message that they want to take growth-supportive measures and keep the market reassured,” said Mayank Mishra, macro strategist at Standard Chartered Bank in Singapore.
Beijing has also said it would help firms that produce vital goods resume work as soon as possible, state broadcaster CCTV reported.
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Massive storm hits Eastern Cape - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Alice in the Eastern Cape is under water after it was hit by a massive storm on Sunday afternoon. 😱😱😱😱All prayers for Alice 🙏🙏🙏🙏 What a shame they needed water but not this much
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Eskom load shedding continues - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The embattled state-owned power utility Eskom says stage 2 loadshedding will continue until Monday morning. Read more: And hopefully end's on Monday morning. You got it all wrong, it will continue until Thursday Three times a day on a sunday come on south africa surely you can do better for your people
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WATCH: Enock Mpianzi's funeral - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Enock Mpianzi's funeral service is underway.Mpiazi (13) from Parktown Boys High school drowned during a school camp in North West two weeks ago. Eff politicizing it for their pan African agenda. Typical. why eNCA is live on Nation platforms and u a National Station bankrolled by the taxes is not broadcasting it on free to air
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Unisa staff wage strike continues - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.A week long wage strike by over 4 000 UNISA workers at the institutions seven regional campuses across the country continues amid talks between management and the unions. Every year during registration time unisa staff is on strike 🙆♂️🤷♂️
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Embattled Tshwane Mayor announces resignation - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Embattled City of Tshwane Mayor Stevens Mokgalapa has announced he intends to resign from his position at the end of February. Iyoh Bye bye and good riddance! Mr Libido finally packed his bags?
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Tracking the coronavirus - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The death toll from the coronavirus is increasing every day. New cases are being reported around the world. Below is a Live Tracking of the cases, death toll and other information: I thought there was also a confirmed case in Botswana?
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