mo4ch:>Coronavirus: Asian stocks extend global markets rout

Coronavirus: Asian stocks extend global markets routCoronavirus: Asian stocks extend global markets rout13 March 2020 Image copyrightAlamyImage captionToday's stock markets falls follow sharp declines on ThursdayAsian shares have continued the global markets slump on Friday as investors fear the spread of the coronavirus will wipe out economic growth.Shares across the region, including Japan, South Korea and Hong Kong, have plunged in morning trading.It followed the Dow and S&P 500 in the US having they're biggest one-day declines since 1987.Investors are concerned that emergency action by authorities around the world may be insufficient to avoid recession.The selloff gathered pace on Thursday after US President Donald Trump spooked investors when he restricted travel from Europe, and the European Central Bank disappointed markets by holding back on rate cuts. "There is a sense of fear and panic," said James Tao, an analyst at stockbroker Commsec in Sydney."It…