A deadly rocket attack on a coalition banks the u. S. Launches a new round of airstrikes in iraq. Asian markets have opened in freefall extending a global ralphs on fears of a recession caused by the corona virus pandemic it follows a diet day for us european and middle east in stocks invest as a bailing out amid travel restrictions and business shutdowns that bringing economies to a halt italy has ramped up its lockdown closing bars restaurants and shops while france norway and ireland are among the latest countries to close schools and University Universities rather efforts to stop large gatherings have led to severe restrictions on sporting events european football matches and american basketball baseball and hockey games are among those canceled or postponed the fallout. As continuing on the Global Markets on wall street the Dow Jones Industrial average sank almost 10 percent its worst losses since the black monday crash of 1987 and london the footsie 100 closed down almost 11 percent while european markets together dropped 12 percent as for asia right now tokyos benchmark nikkei index is trading down almost 10 percent south korean stocks have slumped by about 7 percent. Ill get a live update from seoul shortly but 1st christine salumi has the round up from new york. These are dark times on wall street as the corona virus continues to spread and a fog of uncertainty descends on investors here and around the world we will be suspending all travel from europe to the u. S. President Donald Trumps shock announcement on wednesday night that he was banning all travel from the European Union may have been intended to calm fears. But it had the opposite effect i think. For the 2nd time in a week the slump in stock prices was so precipitous that trading on the New York Stock Exchange was temporarily halted on thursday as airlines began cancelling flights the u. S. Federal reserve stepped in with the rescue package this time promising 1. 00 trillion dollars to shore up markets but it had little effect new yorks main indices closed down between 9 and 10 percent leaving many wondering what more could be done to calm nerves i think were going to need to see a series of actions that look like theyre only focused on responding to this other agenda so every department the government has to sing the same song in the same tune with disabled music all these little gaps and things that people think are cute when times are good become terrifying when times are bad and were closer to bad than good at this particular moment. It was even worse for european traders as the economic implications of president trumps travel ban sunk in germanys dax closed down more than 12 percent as did france and spain is main markets while londons footsie had its worst day since the crash of 1987. U. S. Markets have now fallen more than 20 percent below their highs and with coded 19 yet to peak here its actual impact on the economy not to mention peoples lives is hard to predict that has investors preparing for the worst while everyone is hoping for the best christian salumi aljazeera in your. Public bride joins us now live from salt so rob asian markets nosediving. Absolutely the carnage has continued throughout this friday one point the nikkei in japan that was down more than 10 percent thats the biggest single drop its had years its recovered slightly this friday lunchtime its back at around 8 and a half percent down but that is still well in the red as are all the markets close behind it is south koreas kaspi thats down nearly 8 percent here in seoul the selling was so intense that a safety mechanism was triggered that basically suspended selling for 5 minutes for fear of uncontrolled computerize selling out once that was lifted then it continued its journey south the hang seng in hong kong is close behind it thats down more than 6 percent on the day and 3 and a half percent down on the shanghai composite index there has been talk about with the central bank of korea officials there possibly holding a meeting a bit speculation there might be a change coming in the Interest Rate but the Interest Rate in south korea is already at a low 1. 25 percent in japan of course it is basically 0 so theres very little latitude that Central Banks have to intervene in this. Number of investors have been talking online here in south korea just this week that with the situation with the coronavirus gradually improving that maybe now this was the bottom of the market now is the time to buy thats what they were saying at the beginning of the week this friday they certainly have to think again no one seems to know where the bottom is but all of the markets seem to be in a headlong rush this friday to find it trying to cash the bottom is the way theyre difficult task rob lets talk about china where this all originated there are signs get some things may be returning to normal. We are getting more optimistic noises coming from china better indications that this is gradually coming under control as officials were predicting yesterday thursday for the 1st time officially saying that we are past the peak we have news coming out to the outside of who bay which is the epicenter of this outbreak that around 95 percent of the Bigger Companies in china are gradually returning to work or starting production again which is a promising sign across across china nationally we have 8 new cases of the coronavirus being reported thats the 1st time that as a country weve had the increase in Single Digits in hong kong weve had sadly a 4th death but gradually the news across China Mainland china is Getting Better and in fact theres talk about some of the stockpiles of medical kits and equipment that it has now possibly being offered to countries in western europe that have a greater need of it there here in south korea again the downward trend in new cases continues a 110 new cases are being recorded today friday and also the fischel is here are talking about possibly bringing in tighter screening measures from for people arriving from areas of the world that are considered to be now greater greater risk especially western europe thats possibly going to come in there this weekend all of this would be normally considered to be good news and sentiment that would play into the markets but all the markets are looking at the moment is whats going on in europe and the United States and looking with absolute horror reacting accordingly thanks for that rob mcbride there live from seoul u. S. President donald trump restrictions on european travelers are said to begin later on friday the restrictions understanding an Economic Impact there also straining already richelle diplomatic relations between washington and brussels and mike hanna reports. The irish Prime Minister arrives at the white house his bilateral meeting with the u. S. President one of the few events going ahead is sure jeweled island along with the United Kingdom 2 countries exempt from the sweeping travel ban which appears focused on the 26 European Union members of the Shingle Alliance giving rise to claims that the ban has been haphazardly applied when you think of what happened to europe because it was very fast and very furious and what happened is a lot of people went from china into europe and europe suffered tremendously see whats going on and so i just wanted to stop as it pertains to the United States or Public Access to the u. S. Capital has been suspended but lawmakers in the house are continuing to discuss a bill to counter the economic and social impact of the coronavirus and also pacing questions about whether lawmakers should stay at home lets get this bill passed 1st and then well see where theyre from there because the fact is the house is on fire people are concerned about their of course the house and the health of their children democratic president ial candidate joe biden added his voice to the discussion about how best to deal with this ongoing crisis and was harshly critical of the efforts by the trumpet ministration public fears may become. More pervasive like and trust in this president. Why adversarial relationship with the truth that he continues to have this tool public concern about the slow rollout of testing kits this despite claims by the trumpet ministration that anyone who needs a test can get one the website of the center for Disease Control records said it has not conducted any tests over the past 4 days and the number of tests conducted by Public Health lads has dropped dramatically over the same period yesterday for example across the entire United States only 8 tests are reported. President trump maintains he is in no need of submitting to a test but this may change following reports that a man he met during talks with the brazilian leader at mar a lago last week has tested positive for the virus brazils communication minister pictured here on the president s lift is awaiting the results of his 2nd test my kind of aljazeera washington. Mike hanna mentioned there the lack of testing going on in the u. S. While a top u. S. Official who deals with Infectious Diseases has been long they described the situation as a failing and that he felt he made the comments to members of congress at a briefing on thursday the system does not is not really geared to what we need right now what you are asking for that is a failing and yeah it is a fairly there lets admit it the fact is the way the system was set up is that the Public Health component that dr that dr redfield was talking about was a system where you put it out there in the public and a physician asks for it and you get it the i hear of anybody getting it easily the way people in other countries are doing it were not sort of for that do i think we should be yes but were not the wife of canadian Prime MinisterJustin Trudeau has tested positive for corona virus so if he had been experiencing flu like symptoms following a visit to the u. K. The Prime Minister says he doesnt have Science Fiction but will stay in isolation for 14 days and then a move thought to be unprecedented in modern times the vatican has ordered the closure of romes catholic churches in response to the coronavirus pandemic the decree will stay in effect until early april and follows cancellations of public engagements by the pope has been Live Streaming prayers online to avoid big crowds that it has also told rons catholics theyre not obliged to attend sunday mass while the pandemic is ongoing. Across the world sporting events are being affected all north American Sports have either been canceled or postponed but includes the National Hockey league Major League Baseball and the n. B. A. College basketball championships have also been called off in the u. K. Premier league bosses are holding an emergency meeting on friday off the arsenal manager. Tested positive for the virus it comes as spains on the guy has been suspended with the whole Real Madrid Team placed in quarantine. And the organizers of formula one have cancelled the astray in grand prix of a coronavirus concerns event was due to be held in melbourne this weekend with about 100000 spectators a member of the mclaren team tested positive for the virus on thursday and is now being treated by local Health Authorities still to come here on aljazeera the coronavirus pandemic is putting latin americas ailing economy is to the test. And washington retaliates with chinas expulsion of 3 u. S. Journalists. Welcome back look at weather conditions across the radian potential and the middle east in general here in the gulf states weather conditions are looking dodgy find plenty of sunshine but it is the area of low pressure which is giving cause for concern it is giving some torrential rain across northern parts of egypt the senate across the sinai into israel lebanon too and you see the windows there very closely packed together so behind it theres a chance of a lot of lifted a real sandstorm conditions having a big impact upon air travel if nothing else and that system is also in the stir things up further towards the east so as a move the forecast through into saturday some showers also showing up across parts of iraq but what that doesnt show is the winds developing and i think theyll be a lot of dust through iraq up through the tigris and Euphrates River valleys during the course of the day things quarter stage further towards the west like so there 24. 00 degrees in some sunshine across Eastern Central parts of africa looking fine now across much of somalia kenya showers confined to the far south you notice that on the bottom your screen that circulation of low pressure and bought me some very heavy showers on the eastern side of madagascar thats expected to continue as we head through into saturday but talent should stay dry ice here 27. From algiers there is london Broadcast Center 2 special guests in conversation with state the american state steps in and save compilation unprompted uninterrupted people think that racism is having perth for black people and theres no understanding of what the term a crazy thing is intimately reflecting on the issues of our time and i realized i was working for something of evil and i had been a part of actually creating a studio to be unscripted coming soon on how it is there. Youre watching aljazeera reminder all about top stories this hour the coronavirus pandemic dealt another blow to Global Stock Markets on friday major indices in tokyo seoul and hong kong all plunged by about 8 percent within minutes of opening that was off to wall street suffered its worst single day losses since 987. The record spread of the virus has caused cancellations and despondence of sporting events around the world that includes all major sports in north america and spain and the australian grand prix. The brazilian president s press secretary has tested positive for corona virus just days after meeting donald trump in florida hes pictured standing next to the u. S. President. Resort on saturday trump says he isnt concerned and he wont be tested. And as mother repeller reports from mexico city brazilian president has also been tested for the virus. You know that there was a delegation of brazilian delegation that traveled to florida earlier this week from saturday until tuesday that included president and his press secretary who had direct contact with the president the United States donald trump now in any event this it is worth noting that only a few days ago we heard from president who had mocked the potential severity of the now Global Pandemic of coronavirus now earlier on thursday sitting in isolation waiting for test results to come back to determine whether or not he also like his press secretary and other members of his delegation would have a test that would come back positive with coronavirus the impact of this brazil in a country that has already 77 confirmed cases and over 200 other suspected cases and in the case of rio for example transmission is now know is now local were not talking about trans transmission being imported from other countries from europe this is the severity of the situation in latin america. The coronavirus pandemic will be a big test for latin americas ailing economy the impact is expected on several fronts including the devaluation of currencies a decline in terrorism and a slump and demand for exports that is a ball reports from capital when i say this. Exports are crucial for argentinas economy these days the following currency generated by crops beef and other products i what could help this country fail following debt. But the covert 19 its already having an impact here you know this on the i mean the. Main market but may start to recover were now seeing many of our european clients cancel the old is because nobody knows who the beef and no theyre already freezing some of it its a huge problem for us because we depend on exports. This plan sounds mostly premium beef to china europe and the United States and finding clients its not easy this day. As the 1000. 00 spreads around the world shows and Public Events are being suspended in argentina in an attempt to contain the virus. Flights are also being cancelled in a country that is already struggling with capital controls double digit inflation and this restructuring foreign debt the government have imposed mandatory isolation some people arriving from europe china and even the United States theyre also considering fining those who do not respect the law impose a threat to Public Health but even though many believe that argentina could succeed in containing the virus the spread of the virus in this country it is the Economic Situation that has a many people worried here. In the past 2 years most administrations have pinned down their hopes of economic recovery. One of the largest shale oil and gas reserves in the world but as the local economy deteriorates and worldwide markets tumble investments are being rerouted outside the country we have a common characteristic that is that lead an American Country specially south american ones we expor