Global stocks plunged Monday as the United States and China grappled with new coronavirus outbreaks, signaling that the pandemic isn't done wreaking havoc on the global economy.
- Dow futures plunged more than 800 points, or 3.2%, extending losses ahead of the opening bell
- S&P 500 futures dropped 3%
- Nasdaq futures were down 2.3%
Markets across Asia also recorded steep declines, after Beijing recorded a fresh cluster of cases of the virus, originating in the city's largest wholesale food market.
China reported concerning economic data, suggesting that the recovery in the world's second largest economy is progressing slowly.
- Japan's Nikkei ended down 3.5%
- South Korea's Kospi lost 4.8%, closing out its worst day since March.
- Hong Kong's Hang Seng Index fell 2.1%
- China's Shanghai Composite declined 1%
And European markets broadly declined at open.
- The FTSE 100 dropped 2.4% in London
- Germany's DAX fell 2.5%
- While France's CAC 40 declined 2.6%
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