Global shares, oil slump as Covid-19 fears take hold


Seafarers who have spent the past months working onboard vessels arrive at the Changi Airport to board their flight back home to India during a crew change amid the coronavirus disease (COVID-19) outbreak in Singapore June 12, 2020. REUTERS/Edgar Su

LONDON/TOKYO: A slump in global shares extended to its fourth day running on Friday and oil tumbled over growing concerns that a resurgence of coronavirus infections could stunt the pace of recovery from lockdowns.

MSCI's 49-country index of world stocks slipped 0.5% to an 11-day low, while MSCI's broadest index of Asia-Pacific shares outside Japan sank 1.3%.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

FBM KLCI remains in bullish mode on US corporate results beat
Trading ideas: MAHB, Capital A, Chin Hin, Cypark, Gadang, Comfort Gloves, HHRG, Haily
Crest Builder unit bags RM486mil job
Axis-REIT shows improved quarterly performance
Vietnam apparel companies raise concerns over 2H production
PMIs improve even as weak yen intensifies price pressures
Optimistic outlook for Grade A premium offices
Medical tourism to bolster private hospital growth
Haily wins RM109.5mil contract
ASIAWATER 2024 set to chart course for water resilience

Others Also Read