Covid sell-off: 'The term sea of red was invented for such days' 

People walk by the New York Stock Exchange as fears of a second Covid-19 wave has seen stock prices drift across the major world indices. Picture: AP Photo/Mark Lennihan, File

Fears of a second Covid-19 wave and the threat of new economic havoc caught up with global stock markets, as shares slid across the board.

Major stock indices from Frankfurt, Paris, and London, were also hit on the double as documents released by the International Consortium of Investigative Journalists said JPMorgan, Deutsche Bank, and HSBC were among global banks linked to $2 trillion (€1.7trn) in suspect transactions in the last two decades.