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Global market freefall CONTINUES as European bourses open to bearish trading
Stock markets in Europe are opening to a downward trend, following a plunge in Asia. Exchanges in London and Frankfurt dropped eight percent while Paris slid by four percentage points right after the opening.
Germany’s DAX index fell 7.8 percent after the Frankfurt Stock Exchange opened trading on Monday, and is project 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.
Also on rt.com Asia plunges, European & US futures collapse as panicked investors seek safe haven from perfect storm ravaging markets
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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