Shanghai Composite index plunges 8.7% as market reopens
BANGKOK (AP) — The Shanghai Composite index has tumbled 8.7% and then rebounded slightly as Chinese regulators moved to stabilize markets reopening from a prolonged national holiday despite a rising death toll from the virus that has spread to more than 20 countries. The Shanghai benchmark was down 8% by mid-afternoon on Monday. The outbreak has prompted governments around the world to step up surveillance and quarantine requirements. Airlines cancelled hundreds of flights and cities in China imposed stronger limits on public activities, adding to pressures on global growth. Chinese authorities reported the number of people infected by the virus first found in Wuhan had risen above 17,000 as of Sunday night. It has killed more than 360 people, all but one in China.