How coronavirus has hit the financial markets

The market is entering the period of ‘peak fear’

dow jones
Traders work on the floor of the New York Stock Exchange
(Image credit: Scott Heins/Getty Images)

Stock markets around the world are having their worst week since the 2008 global financial crisis amid fears over the impact of the coronavirus outbreak.

Investors are concerned that the spread of the coronavirus could spark a global recession, with many key global market indexes - including the FTSE 100 and the Dow Jones - falling 10% from recent peaks.

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