Stocks, Oil Sliding Again in ‘Irrevocably Changed’ Markets

Global stocks stumbled back into the red on Wednesday with Wall Street futures pointing to more losses ahead.

A passerby wearing a protective mask, following an outbreak of the coronavirus, walks past an electronic board showing the graphs of the recent movements of Japan's Nikkei share average outside a brokerage in Tokyo on March 6, 2020. Issei Kato/Reuters

LONDON/TOKYO—Global stocks stumbled back into the red on Wednesday with Wall Street futures pointing to more losses ahead as fears over the coronavirus fallout eclipsed large-scale support measures rolled out by policymakers around the globe.

Some traditional safe-haven assets such as gold were also under pressure as battered investors looked to unwind their damaged positions.