World markets in free-fall as coronavirus goes global
World share markets plunge, compounding their worst week since the 2008 global financial crisis, and wiping out $5-trillion in terms of value
28 February 2020 - 12:37
London — Coronavirus panic sent world share markets crashing again on Friday, compounding their worst week since the 2008 global financial crisis and bringing the wipe-out in value terms to $5-trillion.
The rout showed no signs of slowing as Europe’s main markets slumped 2%-3% early on and the ongoing dive for safety sent yields on US government bonds, seen as probably the securest asset in the world, to fresh record lows...
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