Eight-month low: Oil prices fall further on US recession fears as global economic turmoil deepens

Key global stock market indices also witness heavy sell-off on Monday as rout in equities intensifies amid softened economic data in US and fresh global economic concerns

A currency trader reacts near a screen showing the Korea Composite Stock Price Index (left), and the foreign exchange rate between the US dollar and South Korean won at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, on Monday.
A currency trader reacts near a screen showing the Korea Composite Stock Price Index (left), and the foreign exchange rate between the US dollar and South Korean won at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, on Monday.Photo: AP/SCANPIX
Published 5 August 2024, 02:59Updated 5 August 2024, 18:15
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