By Jake Kanter
Media Stocks Caught Up As Global Markets Tumble
09.03.2020 - 11:51 / variety.com
Stock markets have fallen sharply around the world after Saudi Arabia launched an aggressive oil price war which caused oil prices to fall by almost a third.
The UK’s FTSE 100 index plunged by over 8% at the open, while Australia’s S&P/ASX 200 ended 7.3% lower on Monday, the index’s biggest plunge since October 2008. Japan’s Nikkei 225 sank 5.1% to its lowest close in more than a year.
The falls point to a rocky start to markets in the U.S. S&P 500 futures fell as much as 5%, while Dow futures
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