Dow Jones CRASH: Trading halted as stock market crashes in coronavirus panic

The Dow Jones opened on Monday and was quickly closed for 15 minutes after a “circuit breaker” was triggered due to the plunge. Markets across the globe dropped on Monday amid growing fears surrounding the deadly coronavirus outbreak.

US stocks and bond yield tumbled prompting huge fears of a global recession.

The Dow Jones industrial average tumbled 1,800 points while the Standard & Poor’s 500 fell by seven percent.

The huge tumble, which hit the seven percent daily down limit shortly after the markets opened, triggered a pause in trading for 15 minutes.

A second circuit breaker could be triggered if the market falls by 13 percent. 

If the stock market continued to drop past 20 percent, trading would be postponed for the day. 

At the time of writing, the Dow Jones is hovering at a 5.8 percent drop in shares. 

The S&P 500, which is the broadest measure of the stock market is currently down 5.7 percent. 

As it stands, the Dow Jones and S&P index are at their lowest rate since December 2008. 

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It comes after the coronavirus panic also caused a collapse in the global oil prices.

More than £140 billion was wiped off the value of UK companies in early trading as an all-out oil price war between Saudi Arabia and Russia broke out.

The FTSE 100 leading index of shares has plunged more than 8.5 percent in early trading, earlier on Monday.

The drop on the FTSE 100 represents the biggest fall on the UK stock market since the Brexit referendum was announced. 

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Commenting on the current state of the FTSE, Michael Baker from ETX Capital labelled the situation as a “meltdown”. 

He added: “This is a meltdown, this is an absolute meltdown.” 

Due to the crisis, Boris Johnson will hold a COBRA meeting today to discuss emergency measures. 

Cases in the UK currently stand at 280, with three mortalities. 

Health officials in the UK still maintain the country is in the “containment” stage of the response protocol. 

Despite that, No 10 said it accepted the virus “is going to spread in a significant way”. 


Downing Street also claimed the Prime Minister “will be guided by the best scientific advice”. 

In order to stop the spread of the virus, all remaining Six Nations matches have been postponed. 

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