Hong Kong/New York/London
CNN Business
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Global markets are plunging after the implosion of an alliance between OPEC and Russia caused the worst one-day crash in crude prices in nearly 30 years, fueling panic triggered by the escalation of the coronavirus epidemic.
The S&P 500 fell about 6%. The Dow
(INDU) fell as many as 2,046 points. The Nasdaq Composite
(COMP) was down 5.4%. The New York Stock Exchange halted trading for 15 minutes after stocks plunged more than 7%. They retraced some of their losses after the market reopened.
The sell-off carried over into…
