Asian shares opened weaker on Tuesday on concerns about new pandemic lockdowns in Europe and after reports about financial institutions allegedly moving illicit funds hurt global banking stocks.
Wall Street slumped Monday as markets tumbled worldwide on worries about the pandemics economic pain, though the S&P 500 had pared its losses by the end of the day.
Investors pull out of industries that would be hurt by lockdowns
Investor reaction to the overnight drop in stocks stateside, where the Dow Jones Industrial Average dropped more than 500 points, was watched.
Markets tumbled globally on worries about the economic pain inflicted by the coronavirus, but the S&P 500 pared its losses by the day's closing.
Business Highlights: A summary of the days top stories in the business world
The market's September sell-off intensified on Monday as investors grew more anxious about the pandemic.
Markets are entering a fourth week of selloffs, ending a rally that had driven them to record highs over the summer
Synchronoss Technologies, Inc. shares fell in the extended session Monday after the cloud services company said its chief executive resigned following...
* Indexes down: Dow 3.06%, S&P 500 2.49%, Nasdaq 1.65% (Adds market details, NEW YORK to dateline)
Wall Street's main indexes tumbled on Monday as concerns about new lockdowns in Europe and possible delays in fresh stimulus from Congress raised fears the U.S. economy faces a longer road to recovery than previously hoped for.
Concerns aboutthe potential worsening of the pandemic, as well as uncertainty on further fiscal stimulus, sent the broader market lower.
Australian shares were among the hardest hit in the region falling to a three-month low.
Australian shares on Tuesday hit a more than three-month low, pressured by miners and energy stocks, due to overnight Wall Street losses as possible delays in fresh stimulus raised concerns about a longer recovery path for the U.S. economy.
Jindal Steel falls 11.67%; Hong Kong-listed shares of Standard Chartered, HSBC drop.
European stocks posted their worst fall in three months on Monday as fears of a second wave of COVID-19 infections hit travel and leisure shares, while banks tumbled on a report about $2 trillion worth of suspect transfers by leading lenders.
The FTSE 100 marked its worst day in more than three months on Monday as HSBC and Standard Chartered slid on reports the banks were among those that moved allegedly illicit funds, while travel stocks plummeted on fears of more coronavirus-related lockdowns.
Derby-based firm says it is reviewing all funding options to get it through Covid-19 crisis
European stocks were headed for their worst fall in three months on Monday as fears that a second wave of COVID-19 infections would lead to new social distancing measures hit travel and leisure shares and banks amid a new dirty money scandal.
The stocks making the biggest moves in premarket trading include Nikola, Illumina, Oracle, Walmart, and more.
U.K. stocks nosedived on Monday, on concern over a report alleging banks didn't act on the suspicious activity reports they sent to regulators, and on fears...
Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.
Mining giant Rio Tinto <RIO.AX> has not formally committed to review the terms of an iron ore mine development that would let it destroy 124 culturally significant sites, a group representing Aboriginal traditional owners said on Monday.
The Australian dollar reversed early gains on Tuesday after a senior central banker flagged the prospect of policy options including currency market intervention and negative interest rates.
Australia's central bank is assessing various monetary policy options including currency market intervention and negative rates to meet its inflation and employment goals, Deputy Governor Guy Debelle said on Tuesday.
Argentine newly issued international bonds are once more on the slide as investors price in rising risks over the country's economic recovery and much-needed market reforms following tightened capital controls last week.
Investors are debating whether to engage more actively in currency trading as government bonds offer scanty yields, raising doubts over their ability to act...
South African stocks latched on to a global market sell-off on Monday spurred by rising coronavirus cases in Europe and dwindling prospects for another economic aid package in the United States.
The rouble weakened on Monday, at one point losing 1% to the dollar and hitting a more than four-year low against the euro, as oil prices fell sharply and limited risk appetite continued to weigh on Russian assets.
South African stocks kicked off Monday on the back foot, hitting their lowest in more than three months as rising COVID-19 infection rates in Europe kept risk assets under pressure, while the rand weakened 3%.
Oil futures trade lower Monday, with pressure attributed to expectations Libyan crude will soon return to the market, while worries over a rise in European...
The rouble weakened on Monday to a more than four-year low against the euro as falling oil prices outweighed a pick up in demand for emerging market currencies and as limited risk appetite continued to weigh on Russian assets.
The yen hit a six-month high against the dollar on Monday, gaining for a sixth consecutive session against the greenback as stock markets tumbled and pushed investors to the perceived safety of the Japanese currency.
Most developing world stocks and currencies fell on Monday as a rise in domestic COVID-19 cases and fears over another lockdown in Europe hit risk appetite, with the Turkish lira plumbing new lows as focus turned to a central bank meeting this week.