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Asian shares plunge after Wall Street’s worst day since ’87

2020-03-13 10:21:26       source:Associated Press News

March 13, 2020

NEW YORK (AP) — Shares have plunged in Asia, with Japan’s benchmark sinking 10% after Wall Street suffered its biggest drop since the Black Monday crash of 1987.

Markets worldwide have retreated as fears of economic fallout from the coronavirus crisis deepen and the meltdown in the U.S., the world’s biggest economy, batters confidence around the globe.

South Korea’s Kospi sank 8.1%, Sydney’s S&P ASX/200 gave up 7.6% and Hong Kong’s Hang Seng shed 6.3%.

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