Trading on Wall Street was temporarily halted early Monday as US stocks joined a global rout on crashing oil prices and mounting worries over the coronavirus.[NEW YORK] Trading on Wall Street was temporarily halted early Monday as US stocks joined a global rout on crashing oil prices and mounting worries over the coronavirus.
The suspension was triggered after the S&P 500's losses hit seven per cent. Near 1340 GMT, the broad-based index was down more than 200 points at 2,764.21. The Dow Jones Industrial Average sank 7.3 per cent to 23,979.90, while the tech-rich Nasdaq Composite Index fell 6.9 per cent to 7,987.44.
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Stocks to watch: Singtel, SATS, Sasseur Reit, UOB, Roxy-Pacific, BreadTalkTHE following companies saw new developments that may affect trading of their securities on Monday: Read more at The Business Times.
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Hot stocks: Oil-related shares take beating after Riyadh sparks price warSINGAPORE-LISTED oil-related stocks are facing large sell-offs on Monday after Opec (Organization of the Petroleum Exporting Countries) and its allies failed to agree to an output cut amid the Covid-19 outbreak. Read more at The Business Times.
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Singapore stocks: STI loses 4.5% on Monday afternoonSINGAPORE equities resumed trading on Monday afternoon in negative territory following a steep selloff due to escalating worries over the economic repercussions of Covid-19 as well as a sharp fall in oil prices. Read more at The Business Times.
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Oil-related stocks take big hits on Monday, STI down 6%SINGAPORE equities faced strong sell-offs on Monday as fears continue to escalate over Covid-19 but the local market's oil-related stocks were the most affected after sharp falls in oil prices. Read more at The Business Times.
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Europe: London, Frankfurt stocks slump 8%; Paris sinks 4%[LONDON] The British and German stock markets slumped over 8 per cent and French equities shed 4 per cent in opening deals on Monday in a fierce selloff rooted in crashing oil prices. Read more at The Business Times.
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