Rollercoaster day for global stock markets as BlackRock CEO says US ‘probably in recession’ – business live

Rollercoaster day for global stock markets as BlackRock CEO says US ‘probably in recession’ – business live

Larry Fink says most CEOs he talked to agreed with assessment; US indexes see sharp ups and downs; UK index loses nearly 4.5%

Hong Kong stocks have plummeted more than 9% at open, while Singapore stocks dropped over 7%, according to reports.

Hong Kong and Chinese stocks dived on Monday as markets around the world crumbled in the face of the widening global trade war and fears it will unleash a deep recession, Reuters says.

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