European stocks slide at open | Malay Mail

A pedestrian in protective suit rides an escalator near an overpass with an electronic board showing stock information at Lujiazui financial district in Shanghai March 13, 2020. — Reuters pic

Asia also suffered steep losses, tracking heavy pre-weekend falls on Wall Street, after US President Donald Trump sparked fears of a renewed trade war with China over its role in the coronavirus pandemic. Outside the eurozone, London’s FTSE 100 index lost almost 0.6 per cent to 5,730.60 points compared with the closing level on Friday.

“Equities in Europe opened sharply lower, as expected. Losses in the FTSE were less than the rest of the European continent, but the investor mood points at further losses throughout the session,” she added.

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Saudi stocks dive after finance minister vows ‘painful’ measures | Malay MailDUBAI, May 3 — Saudi shares slumped 6.8 per cent as trading opened today, a day after the finance minister announced “painful” measures to tackle the economic impacts of the coronavirus pandemic. Almost all the listed stocks on the Arab world’s largest bourse were in the red just minutes...
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