Financial markets continue to plunge as investors worry about the spread of the coronavirus. UK stocks have now slumped to their lowest level in three and a half-years. As the sell-off intensifies, the FTSE 100 was this Friday morning down nearly 4.5% - or 300 points - at just 6495 points. That's its weakest level since July 2016, shortly after the Brexit referendum. Frankfurt's Dax is down 5% and the Cac in Paris is off 4.4%. The S&P 500, which just last Wednesday reached a record high, slid 4.4% on Thursday, its worst day since August 2011. The index is down 12% since that peak. ...
To continue reading this article...
Join International Investment
Join International Investment today
Unlock members-only benefits:
- Unlimited access to real-time news, industry insights, video features and market intelligence
- Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
- Receive breaking news stories straight to your inbox in the daily newsletters
- Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
- Members-only access to the Editor’s weekly news roundup newsletter
- Members-only access to analysis via our exclusive industry polls
- Be the first to hear about our events and awards programmes