Global stock markets plummet amid coronavirus panic and falling oil prices

Subscribe to our YouTube channel for free here:

Stock markets fell sharply on March 9, 2020, as Russia and Saudi Arabia disagreement on curbing oil production sparked fears of a price war and the worst one-day crash in crude prices in nearly 30 years. The Dow Jones Industrial Average fell by more than 2,000 points, its biggest single-day percentage decline since the 2008 Global Financial Crisis. A day earlier, Hong Kong’s benchmark Hang Seng Index plunged by 4.2 per cent — its worst single-day fall in two years. By Tuesday, the markets recovered from their shock as bargain hunters came in to pick up quality stocks on the cheap, pushing equity benchmarks higher across Asian markets.