Asian shares erased Wednesday's initial gains, swinging into negative territory as a spike in new coronavirus cases sent Hong Kong stocks tumbling on the first day of trading after the Lunar New Year holiday.

United States President Donald Trump plans to unveil efforts on Friday to crack down on counterfeit and pirated goods sold on major e-commerce sites and urge companies to do more to vet third-party sellers and increase self-policing efforts.

The Libra Association has seen an exodus of backers including Paypal and Mastercard amid regulatory scrutiny.

Pricing has also been revealed - it will cost £5.99 per month or £59.99 a year, making it more expensive than the earlier DisneyLife platform.