World stock plunge wipes out $3-trillion as coronavirus spreads
US treasury yields reached a record low; Europe’s Stoxx 600 was down 2.2%; the Nikkei sinks 2%; and the MSCI fell 0.5%
27 February 2020 - 14:33
London — Stocks resumed their plunge, wiping out more than $3-trillion in value this week alone, and US treasuries yields hit record lows on Thursday as the coronavirus spread faster outside China and investors fled to safe havens.
The number of new coronavirus infections in China — the source of the outbreak — was for, the first time, overtaken by fresh cases elsewhere on Wednesday, raising pandemic fears...
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