mo4ch:>Stocks fall as nations take coronavirus action

Stocks fall as nations take coronavirus action23 March 2020 Related TopicsCoronavirus pandemic Image copyrightGetty ImagesGlobal financial markets are set for another turbulent week as more countries take action to slow the spread of the coronavirus.Stock markets across the Asia-Pacific region fell sharply on Monday, while Wall Street is seen opening sharply lower.Crude oil prices have also slumped as economies around the world come to a virtual standstill.Investors are concerned that governments and central banks are struggling to ease the impact of an impending deep global recession.The Hang Seng index in Hong Kong was down by 5.5%, while China's Shanghai Composite fell 3%. New Zealand's main share index was down by more than 10%, and the ASX 200 in Sydney lost 7.2%.US futures have fallen by the maximum 5% allowed under stock market rules.Japan's benchmark Nikkei 225, which was closed for a public holiday on Friday, were 07% lower.Will government rescue package be enough fo…