Markets across the globe are seeing their worst week since the financial crash in 2008 amid fears that Covid-19 could become a global pandemic.
: Global stock markets have plummeted to their worst week since the 2008 financial crash, with $5 trillion wiped off global stocks as the coronavirus takes hold in new territories and sparks fresh concerns about a global pandemic.
European markets followed suit, with London’s FTSE 100 opening 3.3% down, while Germany’s DAX fell 3.6% and in France, the CAC 40 was down 3.1%. Italy’s FTSE MIB was down 2.3% on Friday. Cases have again spiked in South Korea, with more than 2,300 Covid-19 infections now reported. According to the BBC’s Seoul correspondent, some people are turning to different ways to prevent the spread of germs:four concerts in Seoul in April, where 200,000 fans were due to attend.
Japan’s Hokkaido island declared a state of emergency until March 19, as at least 63 cases and two deaths there. Cases in Hokkaido account for around 25% of cases in Japan.A new case in Nigeria marks the first infection in sub-Saharan Africa, with #coronavirusnigeria trending on Twitter on Friday. New Zealand has also recorded its first case, a person in their sixties who recently returned from Iran.
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