Global stocks head for worst week since the financial crisis amid fears of a possible pandemic

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Global stocks head for worst week since the financial crisis amid fears of a possible pandemic
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World Health Organization Director General Tedros Adhanom Ghebreyesus said on Thursday that the virus has 'pandemic potential.'

More than 83,000 people in around 50 countries have now been infected. World Health Organization Director General Tedros Adhanom Ghebreyesus said on Thursday that the virus has "pandemic potential."

The MSCI ACWI and MSCI World index, both equity benchmarks that track global firms, are both down by around 9% since Monday and are set to mark their worst week since 2008. Chinese tourists with facial masks stand in front of the New York Stock Exchange on February 3, 2020 at Wall Street in New York City.Stock markets around the world are tumbling into correction territory as fears of a possible pandemic escalate, withMore than 83,000 people in around 50 countries have now been infected. World Health Organization Director General Tedros Adhanom Ghebreyesus said on Thursday that the virus has "pandemic potential.

The MSCI ACWI and MSCI World index, both equity benchmarks that track global firms, are both down by around 9% since Monday and are set to mark their worst week since 2008.fell 3.6% to close Thursday's session in correction territory and was down a further 4.4% after the first hour and a half of trading on Friday, also heading for its worst week since October 2008.

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