A man walking past a bank electronic board showing the Hong Kong share index at Hong Kong Stock Exchange on March 13. Shares plunged in Asia on Friday, with Japan’s benchmark sinking as much as 10% after Wall Street suffered its biggest drop since the Black Monday crash of 1987. - AP
LONDON/HONG KONG: A rebound in European and US stocks on hopes Washington would agree on new stimulus measures fizzled this weekend as traders closed out a week of carnage over fears the coronavirus pandemic will trigger a global recession.
While the Dow shot 5.8% higher at the opening bell, having dived 10% Thursday in its worst session since 1987, in midday trading it was up just 1.6%.
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