Covid-19 has wreaked havoc on the world’s financial markets after the World Health Organization (WHO) declared the outbreak a pandemic, and the US banned all European flights.

The Thursday losses on Asian markets were led by Australia, with its key All Ordinaries index closing down 7.23 percent. It was followed by Japan’s Nikkei 225, which lost 4.4 percent.

The Hong Kong Stock Exchange fell 3.4 percent by the end of the trading day, while the Shanghai Composite was down 1.52 percent.

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Source: RT