Global coronavirus fears hit JSE, rand hard

eNCA anchor Devan Murugan from the Money Desk speaks to Nesan Nair from Sasfin. Courtesy #DStv403

JOHANNESBURG - The Johannesburg Stock Exchange all-share index has plunged another 2,000 points since Friday morning's opening as coronavirus fears send global markets on a deep slide.

Investors ditched risky assets on fears the virus will become a pandemic and trigger a global recession.

READ: Coronavirus in SA: Not if, but when says expert

World stock markets are heading for the worst week since the depths of the 2008 financial crisis.

Locally, the rand is down by about 20 cents from Friday's close as emerging market currencies are hit by fears around the virus.

Source
eNCA

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