Stocks sink while oil soars after US and allies consider banning Russian oil

  • 📰 cnni
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 59%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Stocks are tumbling Monday as oil prices are soaring to the highest level in 13 years, raising fears about a further spike in inflation that could damage the global economy.

Hong Kong

In Asia, Hong Kong's Hang Seng Index sank as much as 5% in morning trading. It was last down 3.4%, on track to log its worst daily drop in seven months. Japan's Nikkei 225 tumbled 3.6%. South Korea's Kospi dropped 2.5%. China's Shanghai Composite lost 1%.On the US market, Dow futures fell 450 points, or 1.3%. S&P 500 and Nasdaq futures were down 1.6% and 2% respectively.The latest turmoil came as US crude futures surged more than 7% to trade at $124.

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:

 /  🏆 326. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Russia must be a very strong nation ...when Russia sneeze...the whole wide world catch cold .

America should be the world’s largest exporter of energy if we had a president that understood.

Crude oil is available in some specific countries which can manage it but it's the property of whole world in respect to use. So UN should appeal to the oil rich countries for not to monopolize its price.

Run that shit up to about a thousand bucks a barrel. The planet would thank us. And the inflation would make us stop buying crap we don't need with money we don't have to impress people we don't like.

That must be a real concern for rich shareholders who have done well for years in the Market and of course for the poor souls being bombed shelled made homeless and shot at in Ukraine. The fact is that many are being killed and maimed.

FYI this would never happen if not for RussianInvasion

Ukraine is not alone💪 We rent hotels in🇺🇦 Ukraine🇺🇦 to help the people.If you want to help,please use these addresses. bc1qpjw3v89ypd6pdhvxuhqyd2ddk9vuft2vl75l3u (btc (btc 0x1614289A5831A18401691aEed676896F4C13707D (eth (erc20 TXTFtXLb19yJ8iBN4WQkwZHRd5xWthzsEA (usdt)(trc20

Need to Impose more Stringent sanctions on Russia, Ban Russian Crude oil & gas export, complete Ban on Russian Swift Banking,

CHINA SIDES WITH RUSSIA! Stop manufacturing in China. Sanctions, blockades, travel bans on China along with Russia. If dictators want to defend each other, let them do business only with each other. STRANGLE (economic), ISOLATE AND SEIZE FUNDS of the WORLD'S DICTATORS.

Biden voters are 💯 responsible for Ukraine. Taiwan will be next. China thanks you.

And the world is just accepting it. The powers that be dont give a damn for the higher prices.

Look at the bigger picture: protecting global democracy, (see GPS on CNN)

THE WORLD STANDS WITH UKRAINE StandWithUkraine russiagohome UnitedWithUkraine

War is measured only by results, wait for the beautiful endings!

God bless Ethiopia, America and entire World!!

Election fraud has consequences.

Singapore Singapore Latest News, Singapore Singapore Headlines