UK and US stock markets fall again
by Rob Davies and Graeme Wearden from on (#500AR)
Wall Street and London markets have both suffered their worst week since 2008
Share prices around the world plunged for the second day in a row on Friday, sending stock market losses linked to the coronavirus outbreak smashing through $5tn (3.8tn) in a single week.
As stocks nosedived on fears of global recession, the Bank of England governor warned of a slowdown in the UK, oil-rich countries considered slashing output and the Geneva motor show was cancelled.
Related: Geneva motor show cancelled; worst week for markets since 2008 - business live
The World Health Organization is recommending that people take simple precautions to reduce exposure to and transmission of the Wuhan coronavirus, for which there is no specific cure or vaccine.
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