Massive US stock market losses sparked by coronavirus fears as cases spread worldwide
CNNHong Kong CNN — Stock markets in the US have posted some of their worst ever losses as the novel coronavirus sparked mass sell-offs. Nobody really knows.” Video Ad Feedback Pence's history managing health crisis under scrutiny 03:06 - Source: CNN Asia in crisis While the virus has spread worldwide, the worst of the outbreak remains centered in Asia. Michael Ryan, executive director of the World Health Organization’s Health Emergencies Program, said, “we are working extremely closely with the IOC and the Tokyo 2020 organizing committee, and are providing them with risk assessment and risk management advice.” “No decision has or will be taken in the near term regarding the future of the Olympics,” he said. “I don’t think right now there is any reason to close the border, especially because the two areas are very well confined and we know exactly the two major outbreaks and all the people that we found all around Italy – which are very few – are coming from that area,” Sileri said. “This is the first epidemic event in era of social media, and this doesn’t help, absolutely doesn’t help.” There is evidence that the Italian outbreak has already spread beyond its borders, with Spain, Germany, Denmark and the UK reporting cases among travelers who had been in Italy.