London opened 1.8% higher and Frankfurt advanced 1%. China's main stock index rose 1.8% and Tokyo closed up 0.9%.
The mounting losses and a flight by investors into the safe haven of bonds have fueled warnings the global economy, which already was showing signs of cooling, might be headed into a recession. The Shanghai Composite Index rose to 2,996.76 and the Nikkei 225 in Tokyo advanced to 19,867.12. Hong Kong's Hang Seng climbed 1.4% to 25,392.51.Singapore, Bangkok and Jakarta advanced by more than 2%, while New Zealand declined.
For most people, the coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia. The vast majority of people recover from the virus, as has already happened with about three-quarters of those infected in China.
The S&P dropped 7.4% in the first few minutes of trading, triggering an automatic 15-minute market-wide trading halt. That has happened only once before, in 1997.
What stocks exactly are you looking at?
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:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Opinion: Strictly by the numbers, the coronavirus does not register as a dire global crisisWe should absolutely remain vigilant, and more cases are to come. But the statistics being provided on deaths and case counts suggest that this is no pandemic GlobeDebate I have always been saying this but was often shot down by the social media know-it-alls. GlobeDebate Great article with real facts.. GlobeDebate Not sure if the Italians would agree.
Source: globeandmail - 🏆 5. / 92 Read more »
Energy sector ravaged as TSX plunges 10.3 per cent amid global oil price warLoss of more than 1,660 points biggest single-day decline since 1987 Guess that $4.7 billion corporate welfare giveaway to already profitable O&G companies wasn’t the best move? Now jkenney wants the rest of Canada to help AB out? Not a chance. Start a PST, cancel the tax cuts. You know responsible fiscal management you keep howling about.
Source: nationalpost - 🏆 10. / 80 Read more »
Alberta in ‘uncharted territory’ as it braces for oil price crash and global downturn: Kenney‘This could hardly come at a worse time, after five years of economic decline and stagnation in our province,’ Kenney said. ‘All options are on the table’ Didn’t you bid us farewell? Make sure that chinstrap is tight Jason, this is going to be worse than anything we've seen.
Source: nationalpost - 🏆 10. / 80 Read more »
Global stocks, oil prices sink as crude exporters squabbleGlobal stock markets and oil prices plunged Monday after a squabble among crude producers jolted investors who already were on edge about the surging costs of a virus outbreak. Todays mission, count how many times CTV News post about Oil prices and stock prices sinking. 1
Source: CTVNews - 🏆 1. / 99 Read more »
The oil market meltdown and its global impactA clash of two oil titans - Saudi Arabia and Russia - is sending shock waves through energy markets, with wide-ranging implications for consumers and oil companies, including those in the No. 1 producing country, the United States. Sun and wind not controlled by anyone. Time to move away from oil. This sure reminds me of the SARS scare years ago. It will all blow over within days or weeks. The evil media is out to paranoid the world. Calm cool, collective is not the nature of the mainstream media. The more intelligent news is not what the majority of the people are exposed to.
Source: CTVNews - 🏆 1. / 99 Read more »
Global stocks, oil prices sink as crude exporters squabbleGlobal stock markets and oil prices plunged Monday after a squabble among crude producers jolted investors who already were on edge about the surging costs of a virus outbreak. Todays mission, count how many times CTV News post about Oil prices and stock prices sinking. 1
Source: CTVNews - 🏆 1. / 99 Read more »