Coronavirus fears drive markets down

Pedro Gonçalves
clock • 8 min read

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. ...

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