Coronavirus live updates: stock markets plunge on global recession fears

Global financial markets face a torrid day on Monday after the virus continued to threaten to spark a worldwide recession.

Australia has kicked off the day’s trading and the benchmark ASX200 down by 4.2% on Monday morning. The Nikkei in Tokyo opens in less than an hour with futures trade pointing to a 4.5% fall.

Brent crude oil futures have also plummeted to just over $33 after the Saudi decision to pump more oil at the weekend.

https://twitter.com/DavidInglesTV/status/1236788833733062656

David Ingles
(@DavidInglesTV)

This is proper March madness. S&P futures fall over 120 points early Monday in Asia. pic.twitter.com/cFpFXK95tl

March 8, 2020

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