Global Stocks Fall as China Locks Down Cities. Stocks from New York to London to Shanghai slumped as China grappled with a worsening viral outbreak that led investors to reassess the potential economic fallout world-wide. The Dow industrials fell more than 100 points.
The biggest tumble in Chinese stocks in more than eight months led global equity markets lower Thursday as concern mounted about a new coronavirus outbreak in China. Millions of Chinese are preparing to travel for the Lunar New Year which begins on Saturday, increasing the potential for the disease to spread.
By Steven Russolillo and Caitlin Ostroff. Stocks from New York to London to Shanghai slumped Thursday, as China grappled with a worsening viral outbreak that led investors to reassess the potential economic fallout world-wide. The Dow Jones Industrial Average fell 154 points, or 0.5%, to 29031 in early-morning trading, as loses piled up across most of the index's 30 stocks.
U.S. stocks opened lower on Thursday as investors watched China's efforts to contain the coronavirus's rapid spread in Asia. The S&P 500 was down 0.2% to 3,316. The Dow Jones Industrial Average shed 117 points, or 0.4%, to 29,069. The Nasdaq Composite edged 0.1% lower to 9,372. So far, Chinese officials have announced that three cities including Wuhan have been locked down, preventing residents from leaving. On monetary policy, the European Central bank announced it would keep...
Chinese stocks logged their steepest declines in months on Thursday after China barred travel from the city at the epicenter of a worsening viral outbreak, as investors grappled with the potential economic fallout of the disease. The Shanghai Composite Index sank 2.8% in its biggest single-day drop since May 2019. The Shenzhen Composite Index slumped 3.5%, while Hong Kong's Hang Seng Index fell 1.9%. The Chinese government on Thursday locked down Wuhan, the city where the new...
* Asian stock markets: https://tmsnrt.rs/2zpUAr4. * Worries about China virus before Lunar New Year. * Oil extends decline on worries about virus, supply glut. By Stanley White.
* Asian stock markets: https://tmsnrt.rs/2zpUAr4. * Risk assets off to weak start in Asia. * Worries about China virus before Lunar New Year. * Oil extends decline on worries about virus, supply glut. By Stanley White.
* Asian stock markets: https://tmsnrt.rs/2zpUAr4. * Risk assets off to weak start in Asia. * Worries about China virus before Lunar New Year. * Oil extends decline on worries about supply glut. By Stanley White.
* Oil tumbles as supply jitters dissipate. * Safe-haven currencies ease climb against the dollar. * World FX rates in 2020 http://tmsnrt.rs/2egbfVh. By Rodrigo Campos and April Joyner. World stock markets gained back some ground on Wednesday as investors took heart from measures to curb the spread of a flu-like virus from China, while oil prices tumbled on a forecast for a market surplus.
The American Petroleum Institute reported late Wednesday that U.S. crude supplies rose by 1.6 million barrels for the week ended Jan. 17, according to sources. The API data, which were released a day later than usual because of Monday's Martin Luther King Jr. holiday, also reportedly showed a stockpile increase of 4.5 million barrels for gasoline, while distillate stocks climbed by 3.5 million barrels. Inventory data from the Energy Information Administration will be released...
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