down 3.6% at $45.40 a barrel anddropped below 1.2%.
Notably, the S&P 500 dropped 4.4% on Thursday — its steepest one-day percentage fall since August 2011 — and has slumped more than 12% in six trading days."The worst week for equities since 2008 surely beckons," Michael Every, senior Asia-Pacific strategist at RaboResearch, said in a research note. The market may be"entering the period of peak fear," Neil Wilson, chief market analyst for markets.com, said in a morning note."Blood is running in the streets."
The panic is if you move supply chain away from China you find that all the other possibilities have worse epidemics.
Its not the virus thats causing all this, way more to do with different factors.
TheDonDavi Prolly why all of them major CEOs stepped down....
Who are withdrawing funds? Might help indicate how low this will go.
Buy the dip
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
European stocks set to fall further into correction territory as coronavirus grips marketsEuropean stocks are set to extend a historic week of losses on Friday as the coronavirus outbreak continues to pummel global markets into correction territory. territory** Just a global debt correction. A debtvirus. Sad sad
Source: CNBC - 🏆 12. / 72 Read more »
World stocks set for worst week since 2008 as virus fears grip marketsAsian stocks tracked another overnight plunge in Wall Street's benchmarks with the markets in China, Japan and South Korea all posting heavy losses. It's just the beginning
Source: trtworld - 🏆 101. / 63 Read more »
Credit Suisse says sell-off presents buying opportunity in these Asian tech stocksApple suppliers, live-streaming apps and online education companies are among the stocks that Credit Suisse picked.
Source: CNBC - 🏆 12. / 72 Read more »
European stocks sink further into correction territory amid coronavirus fearsEuropean stocks pushed further into correction territory on Friday, and were poised for the worst week since the depths of the global financial crisis as...
Source: MarketWatch - 🏆 3. / 97 Read more »
Global stocks head for worst week since the financial crisis amid fears of a possible pandemicWorld Health Organization Director General Tedros Adhanom Ghebreyesus said on Thursday that the virus has 'pandemic potential.' $BA NO SH!T?! MSM- we're all doomed!
Source: CNBC - 🏆 12. / 72 Read more »
Coronavirus crash wipes $5 trillion off world stocksDEVELOPING: Coronavirus panic sends world share markets crashing, compounding their worst week since the 2008 global financial crisis. Close the border! Sorry guys, it’s not gonna work! trump4eva TrumpLandslideVictory2020 KAG Thoughts and prayers from the trump admin.
Source: NBCNews - 🏆 10. / 86 Read more »