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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. China's central bank said it will inject 1.2 trillion yuan ($173.81 billion) worth of liquidity into the markets via reverse repo operations on Monday, after promising to provide monetary and credit support to companies struggling due to the virus.