Stocks added to their losses overseas on Monday amid fears over the coronavirus outbreak.

The main stock indexes in London and Frankfurt both dropped by more than 8 percent at the opening, The Associated Press reported.

Tokyo, meanwhile, closed down 5.1 percent, Sydney lost 7.3 percent and Shanghai was off 3 percent, according to the AP.

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In the U.S., futures indicated an opening drop of more than 1,300 points for the Dow Jones Industrial Average, CNBC reported.

Oil prices also plunged on Monday, with Brent crude losing 25.3 percent in electronic trading in London, the AP noted.

More than 111,000 cases of the virus have been confirmed globally, according to data compiled by Johns Hopkins University.

The majority of the cases, more than 80,000, are in mainland China, where the virus originated. But South Korea, Italy and Iran have also confirmed more than 7,000 cases each.

The rapidly spreading virus has also hit the U.S., which has more than 500 confirmed cases, according to the data compiled by Johns Hopkins.

--This report was updated at 7:57 a.m.