Asset Management

‘It’s foolish to call the bottom’: City fund managers react to market rout

Stocks plunge amid fears over spread of coronavirus and a price war in oil

‘It’s foolish to call the bottom’: City fund managers react to market rout
Photo: Getty Images

Global stocks are plunging.

Escalating worries over the impact of coronavirus on the global economy combined with fears of a price war in the oil markets over the weekend to send market spiralling downwards on Monday morning.

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