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As worries grow over COVID-19, oil prices and stocks plunge

Source: Matt Sedensky, The Associated Press, globalnews.ca, March 09, 2020

Leading the loss is oil giant Saudi Aramco which has dropped by 10 per cent and forced a halt to Aramco’s trading.

The world’s largest economies delivered more worrisome cues Monday as anxiety over the virus outbreak sent stock and oil prices plunging and closed sites from the Sistine Chapel to Saudi Arabian schools.

Shares in Asia and the Mideast and U.S. futures were down sharply, reports on the health of the economies of Japan and China stirred more unease, and the downturn was being felt by people around the world.

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