Commentary

The worst may not be over for markets

Action by US, Europe govts to mitigate impact of virus calms investors but it's too early to celebrate

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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.

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A version of this article appeared in the print edition of The Straits Times on March 16, 2020, with the headline The worst may not be over for markets. Subscribe