Nowhere to hide as equity markets succumb to virus in historic selloff

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By Sam Kerr
28 Feb 2020

Global equity markets are suffering from their most brutal week in a decade, as fears over the spread of the Covid-19 coronavirus infected financial markets. On Friday morning, both banks and investors were struggling to come to terms with the speed and severity of the global sell-off, and casting doubt on this year’s IPO calendar.

Equity investors' nerves at the beginning of the week had turned into an outright panic by its end, leading to the worst week for US and European stock markets since the financial crisis.

Major stock indices have fallen dramatically, with the main US indices all down over 12% ...

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