The ferocity and speed of the recent sell-off in global stock markets due to the coronavirus pandemic and the slump in oil prices caught investors off-guard.
Last Thursday, stocks on Wall Street fell almost 10 per cent in a single day, the sharpest single day loss since October 1987.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you