United States

Global stocks plunge again as coronavirus panic spreads

Global stock markets tumbled further Wednesday amid mounting fears about the deadly coronavirus’s spread outside China as US futures hinted at further selling. London’s blue-chip FTSE 100 index fell 2 percent to a one-year low of 6,871.85 as world leaders warned countries to prepare for outbreaks of the virus that has killed more than 2,700 people. The DAX index in Germany and Paris’s CAC 40 had recently dropped 1 percent and 0.7 percent, respectively, after Japan’s benchmark Nikkei 225 index closed down about 0.8 percent at 22,426.19. The Kospi index in South Korea — where 1,261 coronavirus cases have been reported — dropped 1.2 percent to finish at 2,076.77. Investors appeared worried about the growing probability that ...