9 Mar, 2020 01:48
Asian markets are trading deep in the red, while gold reached a fresh 7-year peak, as S&P, Dow and Nasdaq futures entered a free fall amid a dramatic oil market crash and concerns over the coronavirus-hit global economy slowdown.
Japan's Nikkei 225 and Topix were down nearly 5 percent in morning trade, while a relatively 'safe-haven' currency Japanese yen soared more than 3 per cent against the US dollar.
South Korea's Kopsi dropped nearly 3 percent, while Hong Kong's Hang Seng was down 3.6. Meanwhile in mainland China both Shanghai and Shenzhen composite fell more than 1.5 percent.
Also on rt.com Brent, WTI futures CRASH 20% over Saudi Arabia-Russia oil price war fears & coronavirus concernsMeanwhile futures for all three major US stock market indices S&P, Dow and Nasdaq are trading nearly 5 per cent down, with S&P 500 E-mini even hitting a limit overnight, and threatening a chaotic Monday in the US.
DETAILS TO FOLLOW
Source : RT Business News
Asia plunges, US futures collapse as panicked investors seek safe haven from perfect storm ravaging markets
Asia plunges, US futures collapse as panicked investors seek safe haven from perfect storm ravaging markets
