Stock market falls, enters bear territory

THE Philippine Stock Exchange index plunged to a 52-week low Monday, March 9, as health authorities confirmed more new Covid-19 cases and Malacañang released Proclamation No. 922 declaring the country under a State of Public Health Emergency.It was the biggest single-day drop since October 27, 2008, when the index fell by 12.27 percent on reports that the Lehman Brothers had filed for bankruptcy, sparking a global financial crisis.

In Saudi Arabia, falling oil prices led to steep drops on Riyadh’s stock exchange. The state oil giant Saudi Aramco led the losses, dropping by 10 percent and forcing a halt to Aramco's trading. Passengers were disembarking the Regal Princess early Monday after it received clearance to dock in Florida. Tests of two crew members eyed as possible carriers of the virus came back negative.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

PH stocks see worst bloodbath in 12 yearsThe bearish local stock market saw on Monday its worst bloodbath since the global financial crisis 12 years ago as the COVID19 started spreading locally while a collapse in global oil prices stoked global recession fears. | philbizwatcher Philbizwatcher yes, the worst drop so far Philbizwatcher Kahit pa magsara yung PSE na yan!
Source: inquirerdotnet - 🏆 3. / 86 Read more »

Philippine stocks suffer worst nosedive since global financial crisisThe novel coronavirus sends the Philippine Stock Exchange index to its worst decline in 12 years. Dutertenomics: Prostitution, Gambling and Drugs Mga Investor ni D30: Gambling Lords, Pimps/International Sex Ring Syndicate, Allied Drugs Personality Businesses: POGO/Casino, Foreigner and High Class Prostitution, Toneladang Droga/Drugs Recycling Wapakels Best and the brightest in the solar system nonah?
Source: rapplerdotcom - 🏆 4. / 86 Read more »