BANGKOK (AP) — European markets have opened mostly higher after a turbulent trading session in Asia.
Shares rose in Paris and London but fell 6.1% in Japan following Wall Street’s biggest drop since the 1987 Black Monday crash.
Friday the 13th brought wild swings for some markets as governments stepped up precautions against the spread of the new coronavirus and considered ways to cushion the blow to their economies.
India’s Sensex gained 4% after plunging 10% when it opened, triggering a brief halt to trading.
U.S. futures were up more than 2% after the Federal Reserve and European Central Bank pledged more support for markets churned by a cascade of shutdowns across the globe.
Asian shares have recovered slightly after benchmarks in Japan, Thailand and India sank as much as 10% following Wall Street’s biggest drop since the 1987 Black Monday crash.
In the U.S., repeated selloffs over the last month have wiped out most of the big run-up on Wall Street since President Donald Trump’s 2017 inauguration.
The Dow industrials plunged more than 2,300 points, or 10%, despite actions from the Federal Reserve and the European Central Bank.
Copyright 2020 Associated Press. All rights reserved.
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March 13, 2020 at 04:27PM
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