Stocks plunge amidst fears that coronavirus could spread more quickly in countries outside of China - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Wall Street plunged as much as 1000 points at the opening Monday and the S&P 500 dropped over 3% after European markets recorded their worst day in over three years and Asian markets closed sharply lower as uncertainty spread.could spread more quickly in countries outside of China.

The International Monetary Fund also warned at the weekend that the epidemic could put an already fragile global economic recovery at risk. The United States has 35 confirmed cases with the White House expected to request emergency funding to the tune of 1 billion dollars from Congress.

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