A pedestrian in protective suit rides an escalator near an overpass with an electronic board showing stock information, following an outbreak of the novel coronavirus in the country, at Lujiazui financial district in Shanghai, China March 13, 2020. REUTERS/Aly Song
SINGAPORE: Global stock markets crashed on Friday, ending a years-long bull run, with the Covid-19 coronavirus panic selling hitting almost every asset class and leaving investors nowhere to hide.
Half a trillion dollars in liquidity from the U.S. Federal Reserve and the promise of more were not enough to calm the fear that has wiped some $14 trillion from world stocks in a month.
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