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· U.S. stock futures early Friday pointed to more losses after the major indexes suffered a tumble that sent them more than 10% below their record highs.

As of 1:37 a.m. ET Friday, Dow Jones Industrial Average futures were 429 points lower, indicating an implied opening loss of 620.64 points. S&P 500 and Nasdaq 100 futures also pointed to a lower open on Friday.

· Global stocks were headed for their worst week since the 2008 financial crisis as Asia-Pacific markets sold off for a seventh day on coronavirus fears with shares in Tokyo following Wall Street into correction territory.

The MSCI World index was down 9.4 per cent for the week on Friday, the worst performance since November 2008.

Japan’s Topix stock index tumbled 3.7 per cent, while Australia’s S&P/ASX 200 and South Korea’s Kospi both shed 3.3 per cent, bringing the three benchmarks down more than 10 per cent from their most recent highs in February.

· European stocks extended a historic week of losses on Friday morning as the coronavirus outbreak continues to pummel global markets into correction territory.

The pan-European Stoxx 600 fell 3% in early trade, travel and leisure stocks dropping 4.4% to lead losses as all sectors and major bourses slid sharply into the red.