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Stock Market Correction- Crash coming?

Wall Street prepares for another hammering as $5 TRILLION is wiped off the world economy

New York markets (left) were braced for another sell-off on Friday after stock prices across Asia (top right) and Europe (bottom right) tumbled following a week that has seen some $5trillion wiped off the world economy. Traders had been growing in confidence that the coronavirus outbreak had been confined to China, but fresh outbreaks in Italy, South Korea, Japan and Iran have seen confidence collapse amid fears it could cause a major slowdown in global industry. Markets in Japan and Shanghai closed almost 4 per cent down on Friday, those in Europe were headed for their worst week since the 2008 crisis, while Dow Jones and S&P 500 futures - effectively bets placed on where the market will head next - were down 2.5 per cent, in a sign of things to come.

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