Shares skidded in Asia on Monday after reports of a surge in new virus cases outside China. The decline followed a sell-off Friday on Wall Street.
South Korea’s Kospi 180721, -3.87% dropped 3%, while the S&P ASX/200 XJO, -2.25% in Sydney lost 2.3%. Hong Kong’s Hang Seng HSI, -1.79% dropped 1.5% and the Shanghai Composite index SHCOMP, -0.28% lost 0.3%. Benchmarks in Jakarta JAKIDX, -1.28% and Taiwan Y9999, -1.30% fell by more than 1%. Japan’s Nikkei was closed for a holiday.
The S&P 500 SPX, -1.05% fell 1.1% to 3,337. The Dow Jones Industrial Average DJIA, -0.78% fell 0.8% to 28,992, and the tech-heavy Nasdaq COMP, -1.79% lost 1.8% to 9,576.
Travel restrictions, business closures and other efforts in China aimed at containing the spread of the virus have begun to disrupt supply chains and sales prospects for Apple AAPL, -2.26% and other big companies.