The growing scare has also taken a heavy toll on the global economy. On Monday, stock markets around the world crashed to record lows. US stocks closed down by more than 7% while London’s index ended the day nearly 8% lower. Similar drops were witnessed across Europe and Asia. The Pakistan Stock Exchange was actually paused just seven minutes after the opening bell on Monday having fallen more than 2,100 points, or almost 6%. After being reopened 45 minutes later, shares actually fell another 200 points before rebounding somewhat to close down by 1,165 or 3%.