Global stocks fall as coronavirus continues to spread

South Korea’s Kospi (KOSPI) fell 3.2% in early trading Monday as cases in the country surged past 600. About half of that total are associated with a branch of a religious group in the southern part of South Korea.
Dow (INDU) futures, meanwhile, were down 386 points, or 1.3%. S&P 500 (SPX) futures were down 1.3%, and Nasdaq (COMP) futures were down nearly 1.9%. The Dow closed 228 points lower on Friday, and all three indexes recorded a weekly loss.
Elsewhere in Asia, Hong Kong’s Hang Seng (HSI) dropped 1.7%, while China’s Shanghai Composite (SHCOMP) lost 0.8%. Japan markets were closed Monday for a holiday.
Oil futures tumbled, too. US futures fell 2.6% to trade at $52.01 per barrel. Brent crude, a global oil benchmark, lost 2.75% and was last trading at $56.89 per barrel. Shanghai crude futures, China’s oil benchmark, sank 4.5% to 393.3 yuan ($55.90) per barrel.