Chinese stocks plunge on re-opening after the extended lunar new year holiday amid the outbreak of the novel coronavirus. More than $400bn of value are wiped off the mainland indices, despite efforts by the Chinese central bank to support markets by injecting liquidity and cutting rates. The death toll from the virus reaches 360 and the first fatality outside China is reported in the Philippines. Meanwhile in the UK, Prime Minister Boris Johnson is ready to set out his proposals for a trade deal with the EU, warning that Britain would not be aligning with Brussels regulations.

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