The number of cases of the coronavirus, both inside and outside of China, surged over the weekend, sending investors racing for the sidelines. The world’s stock markets opened sharply lower Monday after a steep sell-off on Friday.

The Dow Jones Industrial Average opened Monday’s trading at 28,143, down 843 points -- nearly 3 percent -- from Friday’s close, and it was heading lower. South Korea’s stock market plunged 3 percent, nearly twice the losses experienced on the H...

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