On Wall Street, stocks slumped around 10% in their worst day since the 1987 ‘Black Monday’ crash.
Global markets suffered record falls on Thursday as alarm over the coronavirus intensified, and governments from Ireland to Fiji unveiled new measures to try to slow the spread of a disease that has infected more than 127,000 people worldwide.
The White House announced it was stopping public tours, while Rome’s Catholic churches were ordered closed - a move thought to be unprecedented in modern times - and the city’s faithful given dispensation not to attend Sunday mass. Disneyland in California is shutting the gates of its amusement park.
Australia’s central bank followed suit, pumping an usually large amount of cash into the system as panic selling across global markets threatened to drain liquidity and push up borrowing costs.Trump had restricted certain travel from Europe to the United States in a televised address on Wednesday, and on Thursday, weary and confused travellers rushed to airports to board the last flights back to the United States.
Hubei logged just eight new infections on Wednesday, the first time in the outbreak it has recorded a daily tally in single figures. The rest of mainland China had seven new cases, six of them imported from abroad. French President Emmanuel Macron said in a television address the country was facing its worst public health crisis in a century and announced measures including the closure of all schools, creches and universities from Monday.
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