Latest Currency markets News

Traders work on the floor of the New York Stock Exchange Thursday, Feb. 27, 2020. (AP Photo/Craig Ruttle)

Virus anxiety triggers biggest 1-day market drop since 2011

Feb. 27, 2020 9:12 PM EST

Worldwide markets plummeted again Thursday, deepening a weeklong rout triggered by growing anxiety that the coronavirus will wreak havoc on the global economy. The sweeping selloff pushed the benchmark S&P 500 down 4.4%, its worst one-day drop since 2011. The Dow Jones Industrial Average tumbled nearly 1,200...

People walk past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Thursday, Feb. 27, 2020. Shares fell in Asia on Thursday after President Donald Trump announced the U.S. was stepping up its efforts to combat the virus outbreak that began in China. (AP Photo/Kin Cheung)

World stocks slide on signs virus outbreak is spreading

Feb. 27, 2020 7:33 AM EST

Global stock markets fell Thursday on concerns that the coronavirus was spreading to more countries, putting further strain on businesses and supply chains across the world. In Europe, where new cases were being reported, Germany's DAX lost 2.2% to 12,496 and the CAC 40 in Paris dropped 2.3% to 5,555. In London,...

People walk past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Thursday, Feb. 27, 2020. Shares fell in Asia on Thursday after President Donald Trump announced the U.S. was stepping up its efforts to combat the virus outbreak that began in China. (AP Photo/Kin Cheung)

Asian shares slump after Trump announcement on virus plans

Feb. 26, 2020 11:54 PM EST

Shares fell in Asia on Thursday after President Donald Trump announced the U.S. was stepping up its efforts to combat the virus outbreak that began in China. Japan's Nikkei 225 index lost 2.1% to 21,951.78, while in Australia, the S&P ASX/200 dropped 0.8% to 6,653.50. In South Korea, where 334 new cases of...

A nurse cares for patients in a ward dedicated for people infected with the coronavirus, at Forqani Hospital in Qom, 78 miles (125 kilometers) south of the capital Tehran, Iran, Wednesday, Feb. 26, 2020. Iran's president said Wednesday, that Tehran has no immediate plans to quarantine cities over the new coronavirus rapidly spreading across the country, even as the Islamic Republic suffers the highest death toll outside of China with 19 killed amid 139 cases confirmed on Wednesday. (Mohammad Mohsenzadeh/Mizan News Agency via AP )

An increasingly isolated Iran tries to control virus crisis

Feb. 26, 2020 12:38 PM EST

DUBAI, United Arab Emirates (AP) — Iran girded Wednesday for a long battle against the coronavirus that is spreading rapidly across the country and the wider Middle East, even though officials in the Islamic Republic had earlier minimized the outbreak that has now killed 19 people, the highest toll outside...

Currency traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, Feb. 26, 2020. Asian shares slid Wednesday following another sharp fall on Wall Street as fears spread that the growing virus outbreak will put the brakes on the global economy.(AP Photo/Ahn Young-joon)

Virus outbreak stalks markets as 2020 gains get wiped out

Feb. 26, 2020 8:03 AM EST

LONDON (AP) — Global shares fell sharply once again Wednesday as fears over the speed of the new coronavirus around the world accentuated. With the spread around Europe gathering pace — Greece became the latest country to reveal its first case — investors are getting increasingly concerned...

Currency traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, Feb. 26, 2020. Asian shares slid Wednesday following another sharp fall on Wall Street as fears spread that the growing virus outbreak will put the brakes on the global economy.(AP Photo/Ahn Young-joon)

Asian shares slide on fears virus will stunt global economy

Feb. 25, 2020 10:55 PM EST

TOKYO (AP) — Asian shares slid Wednesday following another sharp fall on Wall Street as fears spread that the growing virus outbreak will put the brakes on the global economy. Japan's benchmark Nikkei 225 declined 1.1% to 22,357.39, while Australia's S&P/ASX 200 dipped 2.1% to 6,720.70. South Korea's...

People stand an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Tuesday, Feb. 25, 2020. Shares are mostly lower in Asia on Tuesday after Wall Street suffered its worst session in two years, with the Dow Jones Industrial Average slumping more than 1,000 points on fears that a viral outbreak that began in China will weaken the world economy.(AP Photo/Eugene Hoshiko)

Virus outbreak keeps global markets in check

Feb. 25, 2020 8:26 AM EST

LONDON (AP) — Share prices around the world, particularly in Japan, took a hit Tuesday amid mounting fears about the economic impact of the new coronavirus outbreak. An anticipated solid opening on Wall Street provided some hope that the current bout of selling might ease. With cases of the virus outside...

A man walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Tuesday, Feb. 25, 2020. Shares are mostly lower in Asia on Tuesday after Wall Street suffered its worst session in two years, with the Dow Jones Industrial Average slumping more than 1,000 points on fears that a viral outbreak that began in China will weaken the world economy.(AP Photo/Eugene Hoshiko)

Asian shares extend losses after Dow drops more than 1,000

Feb. 24, 2020 10:21 PM EST

Shares are mostly lower in Asia on Tuesday after Wall Street suffered its worst session in two years, with the Dow Jones Industrial Average slumping more than 1,000 points on fears that a viral outbreak that began in China will weaken the world economy. Japan's Nikkei 225 index lost 3%, to 22,686.61 after it...

A currency trader wears a face mask at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, Feb. 24, 2020. (AP Photo/Ahn Young-joon)

Markets tank on concern about virus impact on world economy

Feb. 24, 2020 7:15 AM EST

BANGKOK (AP) — Shares skidded, oil prices sank and the price of gold surged on Monday as the number of people infected or killed by the viral outbreak that began in China surged, heaping more uncertainty on the economic outlook. The decline promises a sharp drop on Wall Street when it opens and comes after...

In this Feb. 7, 2020, file photo, a man looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo. Shares skidded in Asia on Monday, Feb. 24, after reports of a surge in new virus cases outside China. The decline followed a sell-off Friday on Wall Street.(AP Photo/Eugene Hoshiko)

Asian shares take hit as new virus cases jump outside China

Feb. 24, 2020 12:00 AM EST

BANGKOK (AP) — Shares skidded in Asia on Monday after reports of a surge in new virus cases outside China. The decline followed a sell-off Friday on Wall Street. South Korea's Kospi dropped 3% to 2,098.37, while the S&P ASX/200 in Sydnay lost 2.3% to 6,975.20. Hong Kong's Hang Seng dropped 1.5% to...