Contagion fears: The Dow logs its worst day since October and falls into negative territory for the year, while South Korea's KOSPI drops more than 3 per cent as the spread of the coronavirus grips global markets and the death toll reaches 100. Airline, travel and consumer stocks lead losses, while oil falls for a sixth day and the 10-year treasury yield drops to its lowest level in three months. In corporate news, Renault's board will reportedly meet today to name former Seat chief executive Luca de Meo its next CEO, as the French automaker struggles to rebuild its relationship with alliance partner Nissan. And in the U.K., British Prime Minister Boris Johnson promises a Huawei 'solution', as the National Security Council prepares to make a decision on the Chinese tech giant's part in Britain's 5G roll-out.

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