Global markets suffered one of the worst losses market days after an alliance between OPEC and Russia failed which led to the worst-ever crash to the crude oil prices in the last 30 years much of the panic occurred due to the Coronavirus outbreak.
On Sunday evening, S&P 500 (SPX) futures plunged as much as 5% triggering a limit that prevents futures from trading below that mark. Dow (INDU) futures are down more than 1,200 points, or about 4.9%. Nasdaq Composite (COMP) futures were down 4.8%.
The plunge in United States carried over to the Asia Pacific, where Australia’s S&P/ASX 200 ended 7.3% lower on Monday, the index’s biggest plunge since October 2008.
Japan’s Nikkei 225 (N225) sank 5.1% and Hong Kong’s Hang Seng (HSI) lost 4.2%, while China’s Shanghai Composite (SHCOMP) shed 3%.
|ASX 200 (Australia)||6216.20||5760.60||-7.33%|
|Nikkei 225 (Japan)||20749.75||19698.76||-5.07%|
|Hang Seng (Hong Kong)||26146.67||25040.46||-4.23%|
|Shanghai Composite (China)||3034.51||2943.29||-3.01%|
|SGX Nifty (Singapore)||10879.50||10460.00||-4.05%|
|NASDAQ (USA) – Live||8575.62||8023.60||-6.44%|
Developing…more to follow