A person walks in front of an electronic stock board showing Japan’s Nikkei 225 index at a securities firm in Tokyo on March 20, 2023. (Eugene Hoshiko/AP Photo) BEIJING—Global stock markets sank Monday after Swiss authorities arranged the takeover of troubled Credit Suisse amid fears of a global banking crisis ahead of a Federal Reserve meeting to decide on more possible interest rate hikes.
Hong Kong’s main index slid 2.7 percent. London, Frankfurt, and Paris opened down more than 1 percent. Shanghai, Tokyo, and Sydney also declined. Wall Street futures were off 1 percent. Oil prices plunged more than $2 […]
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