25 Feb 2020

Covid-19: World markets plunge as virus spreads

From Morning Report, 7:18 am on 25 February 2020

World markets have plunged as the number of coronavirus cases outside China surge.

The Dow was down by a thousand points at midday in New York following steep losses in Asia and Europe.

Here the NZX had its worst day in four months and in Australia A$50 billion was wiped off the ASX.

Bloomberg senior editor John Authers is on the line from New York.