WATCH: Yuan and Nasdaq Slip on Fresh Fears of Coronavirus
Yuan weakens
China’s currency, the yuan, weakened and US stocks slid further amid fresh concerns over the coronavirus outbreak, which has now exceeded the SARS virus in less than a month.
It has seen more than 8,200 confirmed cases with an entire cruise ship of 6,000 quarantined in Italy.
Business leaders raise red flags
Executives from many travel, tech, and consumer companies are all concerned about the impact the coronavirus may have on their businesses.
China, which plays a key role on the global economic stage, could have far-reaching consequences beyond Asian markets.