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Stocks savaged, Italy on lockdown - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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All of Italy under lockdown, reeling financial markets, and rioting prisoners made clear on Monday how the global coronavirus epidemic was extending its reach into all aspects of social and economic life. via SABCNewsOnline

Major European stock markets dived more than 7%, Japanese indexes fell over 5% and US markets sank over 7% after Saudi Arabia launched an oil price war with Russia that sent investors already spooked by the coronavirus epidemic running for the exits.

But he welcomed Italy’s tough measures, noting that just four countries – China, South Korea, Italy and Iran – accounted for 93% of cases worldwide. Israel ordered anyone entering the country to self-quarantine for 14 days on Monday. Trump recently spent time with two members of Congress, including one who rode on Air Force One, who are self-quarantining over concerns about exposure to the virus. Vice President Michael Pence said he did not know if Trump had been tested for coronavirus.

Funds set aside for a potential sudden rupture in trade ties with Britain, which has left the European Union, were to be diverted to coronavirus mitigation.

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Empty shops, deserted streets as Italy imposes coronavirus lock down - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Closed shops, plunging stock markets and prison riots marked the first day after Italy locked down much of its northern region in a bid to fight the coronavirus outbreak with its most draconian control measures since World War Two.
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