The index has now lost nearly a third of its value since mid-February. In another indication of market strife, the Euro Stoxx Volatility Index, considered to be a fear gauge for markets, rose to its highest since the 2008 financial crisis.
Stocks in Italy, the European country most affected by the virus, ended nearly 17 per cent lower, their worst session ever. The Italian government recently initiated a countrywide lockdown. "What's it going to take to put a floor under this - we need to see new cases in Italy begin to level, to plateau, like in China."
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Financial markets wilt, stocks plunge as Trump stuns with Europe travel banTOKYO — Financial markets reeled on Thursday (March 12) as stocks dived and oil slumped after US President Donald Trump took the dramatic step of banning travel from Europe to stem the spread of the coronavirus, threatening more disruptions to trade and the world economy.
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Stocks tumble after Trump bans travel from Europe to contain virus blowGlobal shares were set for a rocky ride on Tuesday as investors tally the economic damage of coronavirus, a day after the U.S. Dow Jones ... It will save the people. 👍👍. The short term economic suffering is a small price to pay for a nation of healthy people with normal movements
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