×
App Icon
The Standard e-Paper
Stay Informed, Even Offline
★★★★ - on Play Store
Download App

Coronavirus crash wipes Sh500tr off world stocks

Coronavirus panic sent world share markets crashing again yesterday, compounding their worst week since the 2008 global financial crisis and bringing the wipeout in value terms to $5 trillion (Sh500 trillion).

The rout showed no signs of slowing as Europe’s main markets slumped 2-3 per cent early on and the ongoing dive for safety sent yields on US government bonds, seen as probably the securest asset in the world, to fresh record lows.

Premium Article

Get Full Access for Ksh299/Week.

Fact-first reporting that puts you at the heart of the newsroom. Subscribe for full access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902