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Saudi state oil giant’s shares fall 10%, halting trading

Saudi state oil giant’s shares fall 10%, halting trading

World
DUBAI, United Arab Emirates -- Saudi Arabia closed off air and sea travel to 14 countries affected by the new virus Monday, while Israel ordered two weeks of home quarantine for anyone arriving from overseas. Mideast stock markets tumbled over fears about the widening outbreak's effect on the global economy. The state oil giant Saudi Aramco led the financial losses, dropping by 10% on Riyadh's Tadawul stock exchange and forcing a halt to Aramco's trading. In the Mideast, there have been over 7,600 confirmed cases, with the vast majority in hard-hit Iran. The country's health ministry said Monday the new virus killed another 43 people, pushing death toll to 237 amid 7,161 confirmed cases. Experts worry Iran may be under reporting its cases. Worldwide, there are over 110,000 confirmed cas...