Asian Stocks Sink After Oil Prices Plunge Amid Virus Fears

Asian Stocks Sink After Oil Prices Plunge Amid Virus Fears
Oil pours out of a spout from Edwin Drake's original 1859 well that launched the modern petroleum industry at the Drake Well Museum and Park in Titusville, Pa., on Oct. 5, 2017. Brendan McDermid/Reuters
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BEIJING—Asian stock markets plunged Monday after oil prices nosedived on worries the global economy, weakened by a virus outbreak, might be awash in too much crude.

Tokyo’s benchmark tumbled 5.5 percent, while Sydney fell 7.3 percent. Seoul sank 4 percent and Hong Kong lost 3.6 percent. Thailand’s SET plummeted 6.8 percent. Shares also sank in Middle East trading on Sunday.