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Dow plunges nearly 1,000 points as coronavirus cases surge in South Korea and Italy

Stock markets are falling around the world after the number of coronavirus cases surged in Italy and South Korea, putting two more major economies at risk from a virus that has already caused widespread disruption in China.

The Dow plunged as much as 997 points, or 3.4%, when US markets opened on Monday. The S&P 500 fell up to 3.2%, and the Nasdaq lost nearly 4.3%. The VIX, a measure of market volatility, shot up 40%.

The indexes have since recovered slightly, but the Dow is still off nearly 800 points, or 2.7%.

Read more on Yahoo! News

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