By Justin Pei
Los Angeles — Global stock markets dropped again on Monday as the coronavirus pandemic continues to worsen and following U.S. president Donald Trump’s announcement that social distancing measures would be extended at least through April 30.
Japan’s Nikkei 225 fell 3.7%, Hong Kong’s Hang Sang Index dropped 1.3% and China’s Shanghai Composite fell 0.9% in Asia.
Oil prices are also on decline as demand collapses and the price war between Russia and Saudi Arabia drags on.
The crude oil benchmark Brent Crude Features, was down 8.6%, trading at $22.79 per barrel. U.S. crude oil was down 5.8% at $20.27 per barrel.