Bloomberg South Korean stocks bore the brunt of Asian stock declines tied to the new coronavirus on Tuesday as more markets opened after holidays and concerns spread from short-term consumerism to longer-term growth. The benchmark Kospi plunged as much as 3.6%, set for the biggest decline since October 2018. Companies that had benefited from Chinese tourism took bigger hits, with …

Bloomberg China’s financial markets will remain closed until next Monday after authorities extended the Lunar New Year break by three days as they grapple with the worsening virus crisis. Trading will resume February 3, the Shanghai and Shenzhen stock exchanges said. Shanghai authorities separately advised that companies shouldn’t start work until at least February 9. While onshore markets will be …

Bloomberg The European Central Bank (ECB) said six out of 109 banks it evaluated last year had a level of financial strength below what it wants to see for 2020. “For those banks which have not taken satisfactory measures in the last quarter of 2019, remedial actions have been requested within a precise time line,” the ECB said in a …