Shanghai stocks hit by $370 billion wipeout as virus fears pound Chinese markets

SHANGHAI/SINGAPORE (Reuters) - Chinese stock and commodity markets fell heavily at the open on Monday, in the first trading session after an extended Lunar New Year break, as investors dumped risky assets in response to rising fears about the spread of a new virus across China.The plunge wiped almost $370 billion in market capitalisation from the benchmark Shanghai Composite index , which opened nearly 9% lower.The yuan opened at its weakest level this year and slid 1%, past the symbolic..