Global share prices headed for the worst week since the darkest days of the worl...
TOKYO - Global share prices headed for the worst week since the darkest days of the world financial crisis in 2008 as investors braced for the coronavirus to become a pandemic and rapidly spread around the world.
Hopes that the epidemic that started in China would be over in a few months and economic activity would return to normal have been shattered, as new infections reported around the world now surpass those in China. MSCI all country world index .MIWD00000PUS fell 3.3% on Thursday to bring its losses so far this week to 8.8%, on course for its biggest weekly decline since a 9.8% plunge in November 2008.fell 4.42%, its largest percentage drop since August 2011.
Fears of a major economic slump sent oil prices to their lowest level in more than a year. U.S. crude futures CLc1 fell to $46.28 per barrel.
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