Correction territory… fears over the coronavirus drives the Hang Seng towards its worst month since August, following a global market sell-off after the Lunar New Year holiday. The death toll has now hit 140, with 1,500 new cases being confirmed yesterday alone, including in Germany and Sri Lanka. Chinese President Xi Jinping calls on his country to pull together in defeating the spread of the virus. In the U.S., Apple delivers a record quarter, beating profit and revenue forecasts. The tech giant says it is monitoring how the coronavirus may unfold. The effects of the outbreak, however, have already impacted LVMH. Despite posting record-breaking revenues for 2019, Q4 sales in Hong Kong have plunged by 40 per cent and the French luxury group has moved to shut its stores in the territory. We are also live in Madrid where Santander has reported record annual revenues and increased its dividend.

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