London — World stocks tumbled for the fifth straight day on Wednesday, while safe-haven gold rose back towards seven-year highs and US bond yields held near record lows after governments and health authorities warned of a possible coronavirus pandemic.

US treasury yields teetered near record lows hit the previous day, when Wall Street equity indices slid more than 3% on news that the coronavirus is continuing to spread and dozens of countries, from South Korea to Italy, have accelerated emergency measures...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.