Saudi Arabia News Saudi Arabia News – Riyadh: After the oil .. Shares fall globally amid growing fears of the Corona virus Source of news – Saudi Arabia -cnn With details of the news after the oil .. Global stock prices drop amid worsening fears of the Corona virus:
S&P 500 futures fell as much as 5% on Sunday evening, while the Dow futures fell more than 1,200 points, or about 4.7%, and Nasdaq Composite Futures fell 4.8%.
Sales in the Asia Pacific region also fell, with the Australian S & P / ASX 200 index closing 7.3% lower on Monday, the biggest drop for the index since October 2008. Japan’s Nikkei 225 Index fell 5.1% to the lowest level Close to him more than a year ago. South Korea’s Kospi fell 4.2%, in the biggest loss since October 2018.
Hong Kong’s Hang Seng lost 3.5% in the afternoon trading, leading to the biggest drop in the index in more than a year, and although the Shanghai Composite Index was the best performer among major indices in Asia, it also fell by 2.9%.
US 10-year Treasury yields fell to less than 0.5%, hitting its lowest level.
Financial markets in the Gulf countries also fell on Monday, as the Kuwaiti market index decreased by 10.29%, while the main index in the Saudi “Tadawul” market fell by 8.14%. The Abu Dhabi Securities Exchange index decreased by 8.7%, the Dubai Financial Market Index by 8.41%, and the Qatar Stock Exchange index by 9.38%.
The impact of global markets comes after the Kingdom of Saudi Arabia hit oil markets with a price war against Russia, following the latter’s refusal to keep pace with OPEC efforts to reduce oil production and save the troubled market of the Corona virus.
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