Asia's stocks were poised to plunge further on Friday as panic gripped worl...
SINGAPORE - Asia’s stocks were poised to plunge further on Friday as panic gripped world financial markets and even safe-haven assets such as gold were ditched to cover losses in the wipeout.
Trade was halted on the S&P 500 .SPX. after it hit downdraft circuit breakers. It fell further when trade resumed, eventually losing 9.5% to close 27% below February’s peak. Traders were disappointed after hoping to see broader measures to fight the spread of the virus and blunt its expected blow to economic growth.
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