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| Global market freefall CONTINUES as European bourses open to bearish trading | Global market freefall CONTINUES as European bourses open to bearish trading |
| (32 minutes later) | |
| Stock markets in Europe are opening to a downward trend, following a plunge in Asia. The pan-European STOXX 600 fell 6.1 right after stock exchanges opened in London, Paris, and Frankfurt. | |
| Germany’s DAX index fell 7.8 percent after the Frankfurt Stock Exchange opened trading on Monday, and is projected to have its biggest daily drop in 18 years. | |
| London’s commodity-heavy FTSE 100 was down more than eight percent, with stocks of oil companies among those hit hardest by the collapse. | |
| France’s CAC 40 dove 7.7 percent, with oil giant Total and metal maker ArcelorMittal plummeting over 15 percent. | |
| Borsa Italiana’s main index FTSE MIB fell by 10.5 percent, apparently reflecting traders’ fears of the toll the rampaging Covid-19 virus epidemic could take on the Italian economy. Among European nations, Italy has been hit the hardest by the infection. | |
| Earlier on Monday, Asian equities collapsed amid concerns over an economic slowdown due to the spread of the coronavirus and a 31-percent plunge in the price of oil, unseen since the 1991 Gulf War. | Earlier on Monday, Asian equities collapsed amid concerns over an economic slowdown due to the spread of the coronavirus and a 31-percent plunge in the price of oil, unseen since the 1991 Gulf War. |
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