Equities in freefall after Wall St, Europe implode on virus fearsShellshocked traders around the world are in panic mode, sending markets through the floor. "Markets remain in a freefall as uncertainty persists with no reliable anchor which can create near-term stability," Ben Emons, at Medley Global Advisors in New York, said. Frankfurt had its blackest day since 1989, the year the Berlin Wall fell, while Paris suffered its worst one-day loss on record. Analysts said Trump's ban on travel from Europe deeply rattled investors, and measures intended to shore up business and markets were proving insufficient. The crisis has raised fears of a global recession, with significant uncertainty about how bad the economic fallout might become.

Source: Bangkok Post March 13, 2020 02:26 UTC