The following are the indices of major stock markets worldwide on Friday.
U.S. stock indexes were set for another sharp fall at the open on Friday as the rapidly spreading coronavirus outbreak raised the alarm for a possible global recession.
China will continue to provide assistance to Iran in its fight against COVID-19 epidemic, Chinese State Councilor and Foreign Minister Wang Yi said in a phone conversation with Iranian Foreign Minister Mohammad Javad Zarif on Friday.
Coronavirus panic sent world share markets skidding again on Friday, putting them on course for their worst weekly fall since the 2008 global financial crisis.
U.S. stock index futures dropped on Friday as a surge in coronavirus cases, which have already wiped nearly $3 trillion off stocks listed on the benchmark S&P 500 this week, triggered recession fears.
Volatility in the euro-dollar exchange rate surged to its highest in more than a year on Friday, as growing fears over a coronavirus outbreak raised recession fears and fuelled big currency moves.
U.S. stocks were at record levels just last week, seemingly unaffected by fears that the coronavirus could dent the global economy. Then reality took hold.
Coronavirus panic sent world share markets skidding again on Friday, compounding their worst crash since the 2008 global financial crisis and pushing the week’s wipeout in value terms to $5 trillion.
- Coronavirus crash wipes $5 trillion off world stocks (Reuters: Feb 28, 2020 at 9:22 AM)
- Coronavirus crash wipes $5 trillion off world stocks (Financial Post: Feb 28, 2020 at 9:24 AM)
The global slide in equity markets showed no signs of easing Friday, with Hong Kong, China, Japan and Australia all losing more than 2% amid fears about the coronavirus.
Hong Kong stocks closed down 648.69 points, or 2.42 percent, to 26,129.93 points on Friday.
- Singapore stocks close 3.23 pct lower (Xinhua News Agency: Feb 28, 2020 at 9:39 AM)
- Indian markets close lower (Xinhua News Agency: Feb 28, 2020 at 10:25 AM)