[서울=RNX뉴스] 박진우 기자 = Coronavirus Fears Wipe out $5 Trillion in Global Stocks.

Coronavirus fears continue to compound along with the number of international cases of the illness.

On Friday, Global markets continued their dive, with the main European markets losing between two and three percent.

"Investors are trying to price in the worst case scenario and the biggest risk is what happens now in the United States and other major countries outside of Asia.", John Lau, SEI Investments, via NBC

Around the world, supply chains, travel, major events and school closures have rocked the world economy.

"These are highly uncertain times, no one really knows the answer and the markets are really panicking.", John Lau, SEI Investments, via NBC

Even secure assets such as U.S. government bonds hit new record lows due to weakened economic confidence.

At Friday's opening, Wall Street had lost more than 12 percent since Monday.

Due to the crisis, the Fed is expected to cut interest rates when it meets in mid-March.