Al Ittihad stages dramatic comeback to defeat Al Kholood 4-3 in thriller    55 Saudi companies take part in Baghdad International Fair    10,295 illegal residents deported in a week    Nazaha arrests 158 ministry employees over corruption charges    Health minister: 40% fall in mortality rates caused by chronic diseases since 2017    Arab ministerial meeting in Cairo rejects displacement of Palestinians    Venezuela frees six detained Americans after Trump envoy meets with Maduro    Saudi Arabia's non-oil exports with Gulf countries soar 43% to SR9.4 billion in November    Fitch affirms Saudi Arabia's Credit Rating at 'A+' with a Stable Outlook    Saudi foreign minister and US Secretary of State discuss bilateral relations and regional developments    Small plane crashes into buildings in northeast Philadelphia, sparking fires and injuries    Trump imposes tariffs on Mexico, Canada, and China, escalating trade tensions    Saudi Arabia mandates national attire for male secondary school students    Al Nassr signs Colombian striker Jhon Durán from Aston Villa    Al Hilal returns to winning ways with a dominant 4-0 victory over Al Okhdood    Al Ahli signs Brazilian winger Galeno from Porto on a long-term deal    Saudi composer Nasser Al-Saleh passes away at 63    Saudi drama icon Mohammed Al-Towayan passes away at 79    Singer and actress Marianne Faithfull dies at 78    Saudi Arabia launches inaugural Art Week Riyadh on April 6-13    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Global stocks tumble
Published in Saudi Press Agency on 03 - 03 - 2014

d Monday as tension over Russia's military advance into Ukraine and possible sanctions by Western governments intensified, AP reported.
Oil surged above $104 per barrel on concern Russian supplies might be disrupted. Gold was up 2.1 percent to $1,349.30 an ounce on safe haven buying.
In Europe, Germany's DAX sank 2.4 percent to 9,455.1 and France's CAC-40 shed 1.6 percent to 4,337.71. Britain's FTSE 100 lost 1.3 percent to 6,723.72.
Russia's RTS stock index plunged 10.5 percent and the broader MICEX index slumped by 12.7 percent. The ruble, already down nearly 10 percent this year, fell below 50 to the euro for the first time. It was trading below 36.4 to the dollar, also a record.
On Wall Street, futures for the Dow Jones industrial average and Standard & Poor's 500 indexes were off by an unusually large 0.8 percent and 0.9 percent respectively.
In Asia, Tokyo's Nikkei 225 index dropped 1.3 percent to 14,652.23 and Hong Kong's Hang Seng was down 1.5 percent to 22,500.67. Taipei, Seoul, Sydney and Singapore also fell.
China's Shanghai Composite Index bucked the trend, adding 0.9 percent to 2,075.23 despite a survey showing manufacturing weakened in February and employers cut jobs.
Taiwan's Taiex lost 0.4 percent to 8,601.98 and Seoul's Kospi shed 0.8 percent to 1,964.69. Sydney's S&P/ASX 200 lost 0.4 percent to 5,384.30. Manila and Jakarta also fell.
Monday's losses were a reverse from last week's gains in many global markets.
Benchmark U.S. crude for April delivery was up $1.54 to $104.13 per barrel in electronic trading on the New York Mercantile Exchange. The contract added 19 cents in the previous session to close at $102.59.
In currency markets, the euro rose to $1.3777 from $1.3767 late Friday. The dollar fell to 101.37 yen from 101.40 yen.


Clic here to read the story from its source.