The Editor 

Domino effect

John Hughman

Domino effect

It has taken just a week for the market’s relative calm over the coronavirus to switch to something approaching panic. Having hit a new record high on 19 February, the S&P 500 lost almost 8 per cent of its value in three sessions since, ending one of its longest runs without a 5 per cent pullback. The already weakened FTSE 100 has lost another 6.5 per cent since Thursday.

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