New China virus: Drug makers soar on contagion fears
Shares in Chinese drug makers have risen sharply as concerns grow over a new virus spreading across the country. Several pharmaceutical giants on the Shanghai and Shenzhen stock exchanges have risen by their 10% daily limit. The moves follow the confirmation that the new strain of coronavirus can pass from person to person.
The number of people infected tripled over the weekend, with the outbreak spreading from Wuhan to other major cities. Millions of Chinese people are preparing to travel both within the country and abroad for the New Year holidays.