mo4ch:>Coronavirus: Asian stocks fall as US imposes EU travel ban

Coronavirus: Asian stocks fall as US imposes EU travel banCoronavirus: Asian stocks fall as US imposes EU travel ban12 March 2020 Image copyrightAFPAsian stocks traded sharply lower on Thursday after President Donald Trump suspended all travel to the US from mainland Europe in a bid to slow the spread of the coronavirus.It followed steep losses on Wall Street with the Dow Jones plunging by almost 1,500 points, or 5.8%.The Dow is now more than 20% below its recent high, a threshold that often accompanies a recession.Earlier the World Health Organization declared the outbreak a pandemic.Japan's benchmark Nikkei 225 fell by more than 4.5% in morning trade, while the Hang Seng in Hong Kong lost 3.8%, and China's Shanghai Composite was 2% lower. The falls came after Mr Trump suspended all travel from Europe to the US for 30 days starting on Friday in order to fight the coronavirus outbreak.In a televised address from the Oval Office, Mr Trump said the restrictions did not apply to th…