Coronavirus fears hit global shares and oil price

Worries over the continued spread of the coronavirus have hit financial markets, with stocks from

Wall Street to Tokyo declining.

The three main US indexes caovre  closed down more than 1.5%, while London's FTSE 100 index ended almost 2.3% lower.

Firms with significant sales in China were among the hardest hit.

The coronavirus has killed 81 people in China with almost 3,000 confirmed ill, while at least 44 cases have been confirmed abroad.

The outbreak has coincided with the Chinese New Year, when travel and spending typically spikes.

Many Asian stock markets were closed on Monday for the holiday, but concerns about the impact of the virus on the Chinese economy were felt globally, weighing on travel and fashion companies.

Oil prices also dropped more than 2%, เว็บพนันอันดับ 1  with Brent crude falling to $59.32 a barrel, as traders fear demand could drop if China's economy stalls.

"The timing of the outbreak could not have been worse," analysts at Oxford Economics said in a research note.