Global stocks steady after plunge on virus, oil crash

London opened 1.8% higher and Frankfurt advanced 1%. China's main stock index rose 1.8% and Tokyo closed up 0.9%.

The mounting losses and a flight by investors into the safe haven of bonds have fueled warnings the global economy, which already was showing signs of cooling, might be headed into a recession. The Shanghai Composite Index rose to 2,996.76 and the Nikkei 225 in Tokyo advanced to 19,867.12. Hong Kong's Hang Seng climbed 1.4% to 25,392.51.Singapore, Bangkok and Jakarta advanced by more than 2%, while New Zealand declined.

For most people, the coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia. The vast majority of people recover from the virus, as has already happened with about three-quarters of those infected in China.

The S&P dropped 7.4% in the first few minutes of trading, triggering an automatic 15-minute market-wide trading halt. That has happened only once before, in 1997.

What stocks exactly are you looking at?

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Global stocks, oil prices sink as crude exporters squabbleGlobal stock markets and oil prices plunged Monday after a squabble among crude producers jolted investors who already were on edge about the surging costs of a virus outbreak. Todays mission, count how many times CTV News post about Oil prices and stock prices sinking. 1
La source: CTVNews - 🏆 1. / 99 Lire la suite »

The oil market meltdown and its global impactA clash of two oil titans - Saudi Arabia and Russia - is sending shock waves through energy markets, with wide-ranging implications for consumers and oil companies, including those in the No. 1 producing country, the United States. Sun and wind not controlled by anyone. Time to move away from oil. This sure reminds me of the SARS scare years ago. It will all blow over within days or weeks. The evil media is out to paranoid the world. Calm cool, collective is not the nature of the mainstream media. The more intelligent news is not what the majority of the people are exposed to.
La source: CTVNews - 🏆 1. / 99 Lire la suite »

Global stocks, oil prices sink as crude exporters squabbleGlobal stock markets and oil prices plunged Monday after a squabble among crude producers jolted investors who already were on edge about the surging costs of a virus outbreak. Todays mission, count how many times CTV News post about Oil prices and stock prices sinking. 1
La source: CTVNews - 🏆 1. / 99 Lire la suite »