Shanghai Composite index plunges 8.7% as market reopens - News Summed Up

Shanghai Composite index plunges 8.7% as market reopens


ADThe government said Monday that the number of people infected by the virus had risen above 17,000 as of Sunday night. ADWhile shares in many sectors fell, prices for some Chinese pharmaceutical companies hit their 10% upside limit in early trading. ADThe Shanghai Composite fell 2.8% to 2,976.53 on Jan. 23, its last day of trading before the Lunar New Year. The sell-off erased the S&P 500’s gains for January and gave the benchmark index its biggest weekly loss since August. ADBenchmark U.S. crude oil shed 23 cents to $51.33 per barrel in electronic trading on the New York Mercantile Exchange.


Source: Washington Post February 03, 2020 01:41 UTC



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