MSCI world stocks index slumps over 5%, on track for biggest fall since 2008

Published 09/03/2020, 14:45
Updated 09/03/2020, 14:54
© Reuters.  MSCI world stocks index slumps over 5%, on track for biggest fall since 2008

LONDON, March 9 (Reuters) - MSCI all-country world stocks

index .MIWD00000PUS slumped more than 5% on Monday and was on

track for its biggest daily drop since the depths of the global

financial crisis in December 2008 as a oil price crash led to a

massive sell-off.

Those moves have wiped roughly $2.5 trillion in value off

global stocks.

The benchmark S&P 500 .SPX fell 7% on day, triggering an

automatic 15 minute halt put in place after the 2008-9 financial

crisis.

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