Market Live: Global mkts sell-off; Dow, S&P 500 correct 4%; SGX Nifty down 3%

作者:Fannie 發表日期:2019-03-09 09:46:59

07:34 The SGX Nifty is currently trading at 10,370, down 3.04% or 325.50 points.

07:31 Hong Kong's Hang Seng Index falls 3.2% — more than 1,000 points — as sell-off continues into Asia

Asian indexes tumbled early on Tuesday, mirroring massive losses seen stateside in the last session when the Dow fell more than 1,100 points and the S&P saw its worst day in six years, reports CNBC. Japan's Nikkei 225 was down 4.95% as stocks across sectors pulled back. Automakers, financials and technology names were lower in the morning, with Toyota down 3.77%.

Across the Korean Strait, the Kospi declined 2.26%. Blue chip technology names were lower, with Samsung Electronics and SK Hynix down 1.63% and 1.85% early in the session. Among automakers, Hyundai Motor traded briefly in positive territory, but later slipped 0.63%.

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The Hang Seng Index was down 3.15% in early trade. On the mainland, the Shanghai composite slid 1.52% and the Shenzhen composite lost 1.78%.

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07:30 Dow, S&P 500 slumps over 4% each

US stocks plunged in highly volatile trading on Monday, with both the S&P 500 and Dow Industrials indices slumping more than 4%, as the Dow notched its biggest intraday decline in history with a nearly 1,600-point drop and Wall Street erased its gains for the year, reports Reuters.

The declines for the benchmark S&P 500 index and the Dow Jones Industrial Average were the biggest single-day percentage drops since August 2011, a period of stock-market volatility marked by the downgrade of the United States』 credit rating and the euro zone debt crisis.

With Monday’s declines, the S&P 500 erased its gains for 2018 and is now down 0.9% in 2018. The Dow is down 1.5% for the year. The Dow Jones Industrial Average fell 1,175.21 points, or 4.6%, to 24,345.75, the S&P 500 lost 113.19 points, or 4.1%, to 2,648.94 and the Nasdaq Composite dropped 273.42 points, or 3.78%, to 6,967.53. At one point, the Dow fell 6.3% or 1,597 points, the biggest one-day points loss ever.

On Monday, the S&P 500 ended 7.8% down from its record high on January 26, with the Dow down 8.5% over that time. The declines come after the Dow and S&P posted their biggest weekly percentage drops since January 2016 last week, and the Nasdaq posted its biggest weekly drop since February 2016.