Indices on both sides of the Atlantic suffer biggest one-day slide since Black Monday
Panic over the coronavirus on global financial markets amid the biggest market crash in a generation has forced the US central bank to inject trillions of dollars into bond markets in a dramatic attempt to prevent a repeat of the 2008 credit crunch.
As stock prices plunged around the world on Thursday, with both the London and New York markets suffering their worst day since the Black Monday crash of October 1987, the New York Federal Reserve said it would pump $1.5tn (£1.2tn) into the American financial system to stop markets from freezing up.
