Coronavirus: China’s biggest drop in four years – BBC News

Coronavirus fears have led to a sharp fall in Chinese stocks as the market reopens following the New Moon holiday.

The Shanghai Composite index has been down almost 8%, the largest daily decline for more than four years.

Manufacturing, materials, and consumer goods companies were the most successful, while health shares rose.

The Chinese central bank announced a new downturn, though, to ease the effect of the explosion.

The Chinese People’s Bank (PBOC) unexpectedly dropped short-term interest rates to try to ease the pressure on the economy.

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