Global stock markets post biggest falls since 2008 financial crisis | Business
Global stock markets posted their steepest falls since the 2008 financial crisis on Monday after a crash in the oil price amplified concerns about the escalating economic cost of the coronavirus outbreak.
Almost £125bn was wiped off the value of the FTSE 100 in the fifth-worst day in history for the index of leading UK company shares, as it plummeted by 7.7% to finish the day below 6,000 points, its lowest level since straight after the Brexit vote in 2016.
In Italy the prime minister, Giuseppe Conte, extended the red zone restrictions in the north to the whole country, banning all public gatherings and preventing movement other than for work and emergencies.
Trading on Wall Street was frozen within minutes of the market opening as the…
