The coronavirus-driven market sell-off has wiped $6 trillion in value from the global markets in the past six days, according to S&P Dow Jones Indices.
The Geneva car show that was set to begin next week has been canceled, organizers Palexpo said on Friday, blaming Swiss government heath measures designed to contain coronavirus.
The Trump administration is considering invoking special powers to rapidly expand domestic manufacturing of protective masks and clothing to combat the coronavirus in the U.S., two officials told Reuters.
"Our previous assumption that the virus will be contained in China proved optimistic," said Moody's Analytics, which previously predicted a 20% chance of a pandemic.
The cancellations come as South Korea reports rapidly rising cases of the virus, which is believed to have originated in China before spreading globally.