Global stocks plunge, dollar slides as Fed's emergency cut spooks investors
Global stocks plunge, dollar slides as Fed's emergency cut spooks investors US stock futures plunged 4.8% to hit their downlimit before daybreak in Singapore.The dollar sank more than 2% against the yen Current Affairs : Stocks were hammered on Monday and the dollar battered after crisis rate cuts in the United States and New Zealand, and a pile of steps by policymakers overall neglected to stem the defeat in business sectors scared by the expanding aftermath of the coronavirus. US stock prospects plunged 4.8% to hit their downlimit before sunrise in Singapore. The dollar sank over 2% against the yen. Australia’s benchmark stock record fell 7% in the main quarter-hour of exchange before paring a portion of the misfortunes. US rough fell 5% to under $30 per barrel. New Zealand shares were down 3%. Japan’s Nikkei was up 0.1% after an over 6% decay on Friday to the most minimal since late 2016. South Korea’s KOSPI was a shade more fragile. That left MSCI’s record of Asi...