U.S. futures, global stocks and oil prices fell at the start of the week’s trading, as the coronavirus pandemic worsened.
S&P 500 futures fell about 4.2% in Monday morning trading in Hong Kong, after briefly falling further to hit the maximum 5% loss allowed in a single session.
Australia’s benchmark S&P/ASX 200 fell more than 7% in early trading, to hit levels last reached in 2012, with banks and resources stocks leading the decline. Japan’s Nikkei 225 rose slightly.
The yield on the 10-year U.S. Treasury note fell 0.117 percentage point to 0.821%, according to Tradeweb, as investors sought the safety of government bonds. Yields move in the opposite direction to prices.
Brent crude oil fell 6.8% to $25.15 a barrel. That put Brent, the global oil benchmark, close to the $24.88 level it hit last Wednesday, which was the lowest since May 2003.