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MercoPress, en Español

Montevideo, December 22nd 2024 - 20:50 UTC

Tag: market panic

  • Tuesday, March 10th 2020 - 08:15 UTC

    Black Monday cocktail: oil price war and coronavirus trigger market panic

    Major US indices plunged more than 7% with the Dow finishing more than 2,000 points lower in its worst session since 2008, following a 15-minute halt to trading

    World oil prices crashed on Monday, fuelling a vicious selloff on stock markets that were already buckling from the spreading coronavirus outbreak. Stocks tanked as the global oil market nosedived 30% at one stage after top exporter Saudi Arabia slashed the prices it charges customers following a bust-up with Russia over crude production cuts.