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Coronavirus spreads in three continents, $5 trillion wiped off markets

Coronavirus spreads in three continents, $5 trillion wiped off markets

Saturday, February 29, 2020, 1:10 PM

Countries on three continents reported their first cases of the coronavirus on Friday as the world prepared for a pandemic and investors dumped equities in expectation of a global recession. Coronavirus panic sent world share markets crashing again, compounding their worst week since the 2008 global-financial-crisis and bringing the wipeout to $5-trillion. Countries other than China now account for about three-quarters of new infections.
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