European stock markets rebound after worst day since 1987 Black Monday
Issued on: Modified:
European markets started trading in positive territory after suffering their worst one-day decline in decades on Thursday. However, Asian shares remained in the red as fears that the coronavirus pandemic will trigger a global recession deepened. Tokyo's Nikkei dropped as much as 10 percent in early trading before finishing the day down 6 percent. Central banks and governments have taken steps to limit the economic impact of the crisis, but French President Emmanuel Macron says not enough has been done and is calling for concerted efforts.