Global Stock Market Plunge Over Coronavirus Fears Followed SWIFT Liquidity Warnings

Global Stock Market Plunge Over Coronavirus Fears Followed SWIFT Liquidity Warnings
Traders work on the floor of the New York stock Exchange (NYSE) in New York City, U.S. on Feb. 24, 2020. Stocks fell over 1000 points on Monday as global concerns grow about the economic impact of the coronavirus. Spencer Platt/Getty Images
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News Analysis
The Feb. 24 stock market plunge has been blamed on the coronavirus, but the SWIFT network that handles half of high-value cross-border payments issued a global liquidity warning prior to the crash.