The Nikkei average suffered a steep 1.8% loss, on track for the biggest one-day fall in three weeks. MSCI's broadest index of Asia-Pacific shares outside Japan was off 0.2%, although trade in the region has already slowed for the Lunar New Year and other holidays, with financial markets in China, Hong Kong and Australia closed on Monday.
TOKYO: Stocks tumbled on Monday as investors grew increasingly anxious about the economic impact of China's spreading virus outbreak, with demand spiking for safe-haven assets such as the Japanese yen and Treasury notes.
Japan's Nikkei average suffered a steep 1.8% loss, on track for the biggest one-day fall in three weeks.
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