Australia's benchmark fell as much as 7 per cent and is on track for its worst week on record
Doom sentiment in financial markets has hit crypto currencies. Bitcoin fell $1,000 in 15 minutes to trade at $6,000 level
Earlier in the day, Indian stock markets had seen their worst daily crash since 2008 as the pandemic fuelled growth fears for the country's economy
Brent crude futures rose by $2.85, or 8.3%, to $37.21 a barrel by 0605 GMT, while US West Texas Intermediate crude gained $2.46, or 7.9%, to $33.59 a barrel
It followed 15-minute trading halts across U.S. exchanges, triggered by an opening 7% decline in the S&P 500 that set off circuit breakers
Govt should seize the opportunity to improve its finances
Wall Street had been on the brink of a bear market with all the major indices down almost 20 per cent from their all-time peak, which amazingly were touched just 13 sessions ago
As global markets tumbled, investors fled headlong to bonds to hedge the economic trauma of COVID-19, and oil plunged more than 30%
Indices see biggest 1-day fall ever in absolute terms, here are the eight major things about the selloff across global markets
How the coronavirus virus unfolds globally is still an unknown, and every time some significant number is crossed there would be more panic for the markets.
While the benchmark indices ended with losses, most global markets extended gains as investors focused on the global policy response to the virus outbreak, and a surprise comeback for Joe Biden
ETFs, which invest in Hong Kong-listed Chinese stocks, saw outflows of nearly $1.4 billion - most among Ems
The spread of coronavirus adds to significant uncertainty
Factory activity in China, the global engine of growth, has contracted at the fastest pace on record
The Indian markets have lost nearly $180 billion in market value
Gold extended its downturn in the physical markets in Mumbai on Saturday
The velocity of the fall in stocks has been sharp across markets in Asia, Europe, and America
Hopes that the epidemic would be over in a few months and economic activity would return to normal have been shattered, as new infections reported around the world now surpass those in China
Rogers said the worst was yet to come for the global financial markets - not purely due to coronavirus, but also due to the slowing growth
For a sustained up move from the present levels, we would need to see a pick-up in industrial and consumer demand, and growth in corporate earnings