In just a few days, coronavirus cases have risen rapidly across the world, despite the World Health Organization saying the spread has slowed in China, where the virus originated. The most rapid spread was seen in Italy, South Korea and Iran. European and US stock markets have plunged as investors are attempting to sell-off global equities amid virus fears.

Britain’s FTSE 100 was down 3.6% as it approached the end of Monday. Germany’s Dax was4% lower and France’s CAC 40 had also shed 4%.

In the US, the Dow Jones Industrial Average index plummeted 2.9% after the bell, shedding 830 points. Nasdaq tumbled 3.4%, while the S&P 500 dropped 2.8%. The pan-continental Stoxx Europe 600 index dropped 0.4%, having fallen more than 3% Monday.

https://www.neweurope.eu/article/stock-market-plummets-amid-coronavirus-fears/

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