MIDEAST STOCKS-Gulf bourses dive as coronavirus worries deepen - Reuters:
Stock markets in the Gulf slumped on Sunday, with Kuwait and Dubai among hardest hit, on fears the spreading coronavirus outbreak could hurt the global economy and oil prices.
Leaders in Europe, the Middle East and the Americas rolled out bans on big gatherings and stricter travel restrictions as cases of the new coronavirus spread around the world.
Kuwait’s bourse, which traded after a three session break, plunged 11%, its biggest ever intraday fall, led by a 14.5% drop in National Bank of Kuwait and a 10% slide in Kuwait Finance House.
The exchange said it had suspended trading for rest of the day due to the steep decline.
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