Dow plummets 1,200 points before as investors continue to panic over coronavirus fallout
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"The short-lived gains in global equities of late show that investors remain skeptical about the huge swathes of support measures being rolled out around the world by central banks and governments," Han Tan, an analyst at FXTM, told Business Insider in an email. He continued: "Unless the coronavirus outbreak can defy expectations and show it will stabilise in the immediate term, investors fear that the current economic trajectory will only point to a dreaded global recession or even something worse."fell to an 18-year low amid a global price war exacerbated by the coronavirus, which has heavily weighed on demand while OPEC and its allies prepare to boost supply.
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