On the New York Stock Exchange, trading on Monday opened with a drop in quotations of more than 7 percent. This happened after the collapse of oil prices and a sharp drop in quotations on exchanges in Europe and Asia.
In accordance with the bidding rules, their suspended for 15 minutes. “It takes a break to take a breath and take a fresh look at the situation,” said Stacey Cunningham, head of the exchange.
Shares of oil and gas companies fell about 20 percent.
After 15 minutes, trading resumed. Quotes rose slightly. By 5 p.m. Moscow time, the Dow Jones index drops by about 6 percent.
World Stock Markets Monday responded by a sharp drop the continued spread of coronavirus infection and falling oil prices.
Exchange quotes in Tokyo fell by 5 percent, in Sydney – by more than 7. European exchanges opened lower – in Frankfurt by 8 percent, in London by more than 8. Quotations of stocks of commodity companies are especially affected.
Shares of Russian companies on the london stock exchange fell on average by more than 10 percent.
- Oil prices at the opening of Monday night trading in Moscow fell by 30 percent. Later, the fall was partially won back, but turned out to be the largest since the Persian Gulf War in 1991. Saudi Arabia began a price war after breaking the deal between Russia and OPEC.
- The exchange rate of the Russian ruble against major world currencies in the international currency market (Forex) fell sharply on Monday, reaching 75 rubles per dollar and 85 per euro.
- Today is a day off in Russia; there is no trading on the exchange.
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