mo4ch:>Shares slide as coronavirus raises recession fears

Shares slide as coronavirus raises recession fears2 March 2020 Related TopicsCoronavirus outbreak Image copyrightGetty ImagesShare prices in Asia have fallen again this morning as fears grow that the coronavirus could cause a global recession.It comes after official data showed that Chinese factory activity fell in February at the fastest rate on record.Last week concerns about the outbreak wiped more than $5 trillion from global stocks.Investors are now waiting to see whether central banks around the world will intervene to prop up markets.In morning trading Japan's benchmark Nikkei 225 stock index was around 1% lower, while Australia's All Ordinaries index was down almost 3%. In the US, stock index futures, which are early indicators of how markets may perform in early trading, pointed to a lower open on Wall Street.On Friday the US Federal Reserve Chairman Jerome Powell said the central bank is watching developments closely for risks to the US economy and promised to take acti…