US President Donald Trump's move to curb the spread of the COVID-19 pandemic by banning travel from Europe to the US has sent global stock prices into a nosedive. Among the biggest losses in Asia is the Japanese stock market. On March 12, the benchmark Nikkei 225 slumped more than 4% to its the lowest close in almost three years, while South Korea's KOSPI fell almost 4% to a four-year low. In Europe, airline stocks took a tailspin, plunging as much as 20%. Analysts said the transatlantic route is the main profit engine for European airlines. Air France KLM has already lost nearly 60% of its value since COVID-19 reached Europe.
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