Crash in oil prices sends global stocks tumbling

On Wall Street, trading was halted shortly after markets opened on Mar 9, after stocks dropped sharply in the aftermath of the crash in oil prices. Trading was halted for 15 minutes. Meanwhile, in Singapore, the STI closed down 6 per cent. Vasu Menon, Executive Director for Investment Strategy at OCBC Bank, shared his views on the current volatile markets.



Follow us:

[kayorzzz]

pity it won't affect fuel prices here in sg, prices here only go up, never down regardless of oil market

[DC-wpoj]

My petrol pump still charging the same. Bastards

[sanyamjaincs]

Why'd someone diversify if they get such deal.. Long term benefit?

[foojyehauadrian]

I wonder when Singapore petroleum prices will go down??? Or will it??

[DomManInT]

Ain't it cool? All the speculators built the prices up. Now they are getting soaked.

[itgetter]

Silver lining: the world needs to be weaned off its dependence on petroleum. We need renewables.

[cl]

Don't you love this guy coming on and saying they didn't see it coming ! ? Only thing they didn't see coming is my big fat behind, 'cos I tend to walk facing forward.

[johnf]

The bond market yield curve points down more we go lower

[friendsonearth]

let it crash. slow down super inflation for the last 10 yrs.

[goalerfc]

A lot of them jumping on bankruptcy no way out.

[dayylogg]

We are on the verge for a catastrophic event of a global economic collapse. Investors should run for the hill now.

[พิมพาสิงห์คํา-ฏฉ]

What rubbish are people really that thick they don't now what's going on