Global stocks suffer another rout as coronavirus crisis deepens | Malay Mail

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Global stocks suffer another rout as coronavirus crisis deepens | Malay Mail
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NEW YORK, April 2 — Global stocks experienced another rout yesterday as the human and economic toll from the coronavirus continued to rise and more governments shut down activity to try to contain the outbreak. Stock market gains last week sparked talk among some investors that the market might...

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The Dow plunged nearly 1,000 points, or 4.4 percent, to finish the day at 20,943.51. — Reuters pic

But there was no way to sugarcoat President Donald Trump’s pronouncement late Tuesday that the US was in for “a very, very painful two weeks” as health experts said the US death count could reach 240,000 people. The bad news continued as the number of coronavirus cases continued to rise and Florida — one of the last major states still largely operational — headed to a 30-day stay-at-home policy following an order from the governor.

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