Stocks Hammered, Oil Slides as Trump’s Europe Ban Over Coronavirus Fans Recession Fears
Tokyo dropped more than five per cent, while Hong Kong finished the morning down 3.8 per cent and Sydney collapsed almost seven percent, with Bangkok around eight per cent down.
Hong Kong: Equities and oil prices fell through the floor again on Thursday after Donald Trump banned all travel from Europe to the US for a month to fight the coronavirus, ramping up fears the global economy will careen into recession.
As the disease showed
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