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Markets fall again on coronavirus fears

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Tuesday saw investors sell off shares for the second day as fears of the economic impact of the coronavirus continued to grow. The Dow Jones was down 3.1%, the Nasdaq 2.7% and the S&P fell 3%. In London, the FTSE 100 closed down 1.9% – its lowest level in a year – while Germany’s Dax fell 1.8% and in France the CAC fell 1.94%. In Japan, the Nikkei 225 index fell 3.3%. The sell-off continued after new cases were reported in Europe and the Middle East and the Center for Disease Control and Prevention warned that the coronavirus will impact the US. “We are asking the American public to prepare for the expectation that this might be bad,” said Nancy Messonnier, director of the National Center for Immunization and Respiratory Diseases.

 

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