- Stock markets around the world slumped on Monday as new coronavirus deaths in Iran, Italy, and South Korea marked a new high for outbreak-related fears.
- Economists have repeatedly downgraded their projections for global growth as the virus stifles demand, while public firms lowered forward-looking guidance due to supply chain disruptions and closed retail locations.
- Here's what five financial industry experts had to say about the intensifying outbreak, and how investors can best position themselves in the near future.
- Visit the Business Insider homepage for more stories.
Stocks tumbled around the world on Monday amid renewed investor fears that the coronavirus outbreak will reach. In the US, the Dow Jones industrial average plummeted nearly 1,000 points in early trading.
New deaths in Iran, Italy, and South Korea drove the outbreak's escalation in recent days. China hosts the vast majority of coronavirus-related deaths, but the latest fatalities fuel concerns that the virus will evade containment and continue spreading for weeks to come.
Coronavirus has caused 2,626 deaths and has infected more than 79,000 people as of Monday morning. The virus has spread to at least 29 countries since originating in Wuhan, China.
Economists have repeatedly lowered their estimates for global growth in the wake of the outbreak. China faces the biggest fallout as a rapid halt in demand and factory activity cuts into its already slowing gross domestic product growth.
Some analysts expect economies to post a healthy bounce-back once the disease is contained, but others anticipate markets will post a major correction as the virus racks global industries.
Here's what five financial industry experts said about the heightened market risk and how investors should position themselves in the coming months.
