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The dollar stood tall on Friday as investors rushed to buy the currency amid deepening panic over the coronavirus epidemic, while the euro nursed losses after the European Central Bank underwhelmed investors by not cutting rates.

World stocks were set on Friday for their worst week since the 2008 financial crisis, with coronavirus panic-selling hitting nearly every asset class and investors fretting that central bank action may not be enough to soothe the pain.

Canadian Prime Minister Justin Trudeau's wife, Australia's minister for home affairs and a Chelsea soccer player are among new cases of the coronavirus that has infected almost 135,000 people and killed more than 4,900 worldwide.

The U.S. Food and Drug Administration (FDA) issued emergency authorization for a faster coronavirus test made by Swiss diagnostics maker Roche , a move aimed at boosting screening capacity to help contain the growing epidemic.

Banks have hundreds of billions of dollars in credit lines extended to corporate America. Some companies are no longer banking on them.

Stocks plunged on Friday with coronavirus panic selling hitting nearly every asset class, before finding some kind of floor as hopes turned to a U.S. stimulus package.

The earth in Fukushima still trembled when Yoshihiro Miyamori drove in the dark towards his sake brewery. When he got back after midnight, he found smashed sake bottles and a crack in the wall of the building. It was March 11, 2011.

Governments and central banks readied more emergency measures to tackle the economic impact of the coronavirus on Friday, helping financial markets pare some of their steep losses, while more major events were canceled or postponed.

Here's what you need to know about the coronavirus epidemic today:

Oil prices were set for their worst weekly drubbing since the 2008 financial crisis, despite rising over 3% on Friday, as investors fretted over evaporating demand from the coronavirus pandemic and a production ramp-up by top producers.

Chinese electric vehicle maker BYD said on Friday it is making 5 million masks a day to fight the coronavirus pandemic that has killed nearly 3,200 people in China.

Canadian Prime Minister Justin Trudeau will be in isolation for two weeks after his wife, Sophie, tested positive for coronavirus on Thursday, and the outbreak prompted the province of Ontario to shutter schools to limit the spread.

The U.S. Food and Drug Administration issued emergency authorization for a coronavirus test made by Swiss diagnostics maker Roche , a move aimed at boosting screening capacity to help contain the growing epidemic.

Oil prices were set for their worst weekly drubbing since the 2008 financial crisis, despite eking out a 2% on Friday, as investors eyed evaporating demand from the coronavirus pandemic and a production ramp-up by top producers.

SoftBank Group Corp is buying back up to $4.8 billion of its shares after their recent slump, a move that partially met the demand of activist fund Elliott but failed to soothe investors panicking from the coronavirus pandemic.

The dollar stood tall on Friday as investors scrambled for the world's most liquid currency amid deepening panic about the coronavirus, while the euro nursed losses after the European Central Bank disappointed by not cutting rates.

Starbucks will invest 900 million yuan ($130 million) to build the first phase of a coffee complex in the Chinese city of Kunshan, near the commercial hub of Shanghai, with completion targeted for 2022, it said on Friday.

An 80-year old man became the fourth patient in Hong Kong to die due to the coronavirus, a Nethersole Eastern Hospital spokeswoman said on Friday.

Singapore will deny from Monday entry or transit to visitors who have been in Italy, France, Spain or Germany in the last 14 days, as part of measures to control the fast-spreading coronavirus, the health ministry said on Friday.

Bob Dylan's upcoming concerts in Japan have been canceled because of the coronavirus outbreak, the tour organizer said on Friday.