Global stocks tumble as gold soars on virus pandemic fears
NEW YORK: Global stocks were hammered on Monday (Feb 24) and gold prices soared on safe-haven buying as fears mounted that the new coronavirus ...
Equity bourses were a sea of red, including in Milan and Seoul - two countries outside of China that have suffered outbreaks of the virus in recent days.In the US, the Dow plunged more than 1,000 points in its worst session in more than two years.Italy reported its seventh death from the coronavirus, but officials called for calm and reported the number of infections slowing after a spike over the weekend.
READ: World must prepare for 'potential pandemic': WHO chiefEarlier, European stock markets were a sea of red, with Frankfurt and Madrid falling by 4.0 per cent, Paris shedding 3.9 per cent and London losing 3.3 per cent.An exception was Gilead Sciences, which surged 4.6 per cent following upbeat comments from a World Health Organization official about the company's remdesivir, an experimental drug to treat the virus.
New York - S&P 500: DOWN 3.4 per cent at 3,225.89 (close)Madrid - IBEX 35: DOWN 4.1 per cent at 9,483.50 (close)Paris - CAC 40: DOWN 3.9 per cent at 5,791.87 (close)Shanghai - Composite: DOWN 0.3 per cent at 3,031.23 (close)Brent Crude: DOWN 3.8 per cent at US$56.30 per barrel
Read more: CNA
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Global spread of coronavirus raises pandemic fearsSEOUL/SHANGHAI (Reuters) - Fears grew on Monday that the coronavirus outbreak in China will grow into a pandemic with disruptive and deadly consequences for countries around the world, after sharp rises in infections in South Korea, Italy and Iran. A surge of infections in South Korea and Italy, and
Global spread of coronavirus raises pandemic fearsSEOUL: Fears grew on Monday (Feb 24) that the coronavirus outbreak in China will grow into a pandemic with disruptive and deadly consequences for ...
US: Stocks join global rout on coronavirus fearsRead more at The Business Times.
Xi says China facing 'big test' with virus, global impact spreadsChina's leader said Sunday the new coronavirus epidemic is the communist country's largest-ever public health emergency, but other nations were also increasingly under pressure from the deadly outbreak's relentless global march. Italy and Iran began introducing the sort of containment measures
Coronavirus: Indonesia backs calls for global response to virus outbreakJAKARTA (BLOOMBERG) - Indonesia is backing calls for a coordinated global response to the coronavirus outbreak, warning that authorities may be underestimating its impact on trade and economic growth.. Read more at straitstimes.com.