Tuesday, 22 Sep 2020 07:38 AM MYT
Oil prices fell more than 3 per cent, the dollar rose against a basket of peers and an index of emerging market currencies fell by the most in six months. The MSCI world equity index , which tracks shares in 49 countries, ended at its lowest since August 3. Ginsburg's death also decreases the chances of Congress passing another stimulus package to help lift the domestic economy.
The pan-European STOXX 600 index lost 3.24 per cent and MSCI's gauge of stocks across the globe shed 1.63 per cent. Markets were also hit by a media report on how several global banks moved large sums of allegedly illicit funds over nearly two decades.The dollar rose yesterday after two weeks of declines as investors sought safer currencies.