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Stock markets suffer worst week since 2008 financial crisis

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Did you miss this? 'The panic mode is full-on,' says analyst Ipek Ozkardeskaya.

Frankfurt headed the losses in Europe, shedding almost 3.9% as the market closed.

Wall Street also had another difficult day, with the Dow finishing down 1.4% at 25,409.36, which meant a drop of more than 12% for the week. "The coronavirus outbreak has certainly hit businesses, and it might have a longer-than-expected negative impact on company earnings and global growth," she added.

 

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