Collapse continues: Stock markets lost $4 trillionStaff Writer | February 6, 2018
World stock markets nosedived for a fourth day, having seen $4 trillion wiped off from what just eight days ago had been record high values.
Finance The lowest level in six months
Wall Street’s Dow Jones and S&P 500 benchmarks had slumped 4.6 percent and 4.1 percent on Monday, their biggest drops since August 2011. It was also the Dow’s biggest fall on a pure points basis of all-time.
Europe’s early drop sent the region’s STOXX 600 to its lowest level in six months.
There was intense trading activity, with more than 40 percent of the average daily volume traded on Germany’s DAX and Europe’s STOXX 50 by 0845 GMT, Reuters reported. ■