Stock markets in the US have posted some of their worst ever losses as the novel coronavirus sparked mass sell-offs.
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The Dow dropped 1,191 points on Thursday, in its worst one-day point drop in history, while the S&P 500 posted its worst day since 2011. Stocks are on track for their worst week since the 2008 financial crisis.Markets in Asia and elsewhere have also suffered, as fears of a global pandemic have continued to grow. New cases of the virus were confirmed in Spain, France and the UAE overnight, as outbreaks in South Korea, Italy and Iran continued to worsen.
Pence's history managing health crisis under scrutiny 03:06Asia in crisisWhile the virus has spread worldwide, the worst of the outbreak remains centered in Asia. The number of confirmed cases in China grew to 78,824 as of Friday morning, an increase of 327 from the previous day. Forty-four people died of the virus on Thursday, bringing the total in mainland China to 2,788. More than 36,000 patients have been discharged from hospital so far.
Gupta on Trump's coronavirus claim: That's not true 03:05Europe struggles to respondOutside of Asia, the number of cases of the virus has risen to over 650 in Italy, the worst outbreak in Europe. Tens of thousands in a"red zone" in northern Italy have been put on effective lockdown, as officials race to stop it spreading throughout the country.
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