This article is from the source 'rtcom' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at https://www.rt.com/business/482633-stocks-markets-collapse-chaos/
The article has changed 5 times. There is an RSS feed of changes available.
Version 3 | Version 4 |
---|---|
Asia plunges, European & US futures collapse as panicked investors seek safe haven from perfect storm ravaging markets | Asia plunges, European & US futures collapse as panicked investors seek safe haven from perfect storm ravaging markets |
(about 3 hours later) | |
Asian markets are trading down while European and American futures go into free fall, and gold reached a new seven-year peak, amid a dramatic oil market crash and concerns over the coronavirus-hit global economy. | |
Japan’s Nikkei 225 and Topix were down six percent in morning trading, while the relatively safe-haven Japanese yen soared to a three-year-high against the US dollar. | |
South Korea’s Kopsi dropped nearly three percent, while Hong Kong’s Hang Seng was down 3.6. In mainland China, both the Shanghai and Shenzhen Composite indices fell more than 1.5 percent. | |
In Europe, the Euro Stoxx 50 Futures sank more than six percent, while the British FTSE 100 futures were down nearly seven percent. | |
Meanwhile, futures for all three major American stock market indices, the S&P, Dow, and Nasdaq, are trading nearly five percent down, with the S&P 500 E-mini even hitting a limit overnight. The yield on 30-year US Treasuries briefly fell below one percent for the first time in history, while 10-year Treasuries traded below 0.5 percent for a while, threatening a chaotic Monday in the US. | |
As the widening coronavirus outbreak and the dramatic crude oil plunge triggered a chain reaction, gold surged past $1,700 per ounce on Monday for the first time since late 2012, indicating that investors are desperate for a safe haven. | |
Think your friends would be interested? Share this story! | Think your friends would be interested? Share this story! |