Asian stock markets tumble after oil prices crash - BBC News

in DLIKE5 years ago

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Asian stock markets started Monday trading spooked by a major crash in oil prices.

In Japan, the benchmark Nikkei 225 index crashed 6.1% while in Australia, the ASX 200 dropped about 6% in early trading.

Markets have been rattled by the threat of a price war between oil exporting group Opec and its main ally Russia.

Asian investors also reacted to a slump in Chinese export figures released at the weekend.

Global markets are seeing heightened volatility over fears of a major economic hit from the coronavirus.


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