On Wall Street, the Dow Jones Industrial Average fell 603.41 points, or 2.09%, to 28,256.03. The S&P 500 lost 58.14 points, or 1.77%, to 3,225.52 and the Nasdaq Composite dropped 148.00 points, or 1.59%, to 9,150.94. MSCI's gauge of stocks across the globe shed 1.21%, while emerging market stocks lost 1.11%. The world index has lost 1.2 for January, after gaining as much as 2.6% earlier in the month. In Europe, the pan-European STOXX 600 index closed down 1.07%. Losses for the week were 3%, its worst in almost six months, while the 1.2% monthly loss was the worst January since 2016.
NEW YORK: Global equity markets posted their biggest weekly and monthly loss since August on Friday as growing concerns about the economic impact of the coronavirus outbreak in China sapped risk appetite and lifted the safe-haven Japanese yen and Swiss franc.
Gold posted its best month in five, while yields on U.S. debt fell to almost five-month lows as the United States, Japan and other countries tightened travel curbs to China, where the death toll from the virus rose to 213.
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