Asian shares sink on mounting worries over China outbreak – News of Bahrain- DT News

Asian shares sink on mounting worries over China outbreak – News of Bahrain- DT News

Asian shares skidded again Tuesday on deepening worries over the expanding outbreak of a new virus in China.. China has extended its national holiday by three days so that offices should reopen on Monday.. The Dow Jones Industrial Average fell 453.93 points, or 1.6%, to 28,535.80.. The Russell 2000 index of smaller company stocks gave up 18.09 points, or 1.1%, to 1,644.14.. The virus has spread to a dozen countries, including the U.S.. Besides the threat to people's lives and health, investors are worried about how much damage the virus will do to profits for companies around the world.. Wynn Resorts led all company's in the index lower with an 8.1% tumble, while Las. Chinese companies that trade shares in the U.S. also declined.. Financial stocks also took steep losses.. Energy stocks fell broadly as U.S. oil prices fell 1.9% on worries about reduced demand from China.. Apple will report financial results on Tuesday.. ENERGY: Benchmark crude oil lost 28 cents to $52.86 a barrel in electronic trading on the New York Mercantile Exchange Brent crude oil, the international standard, fell 37 cents to $58.21..