businessUpdated: Mar 16, 2020 19:35 ISTStocks dropped 8% in the first minutes of trading Monday on Wall Street and triggered another temporary halt to trading as huge swaths of the economy come closer to shutting down, from airlines to restaurants. The world’s brightest spot may have been Japan, where the central bank announced more stimulus for the economy, and stocks still lost 2.5%. The spreading coronavirus is causing businesses around the world to shut their doors, which is draining away revenue. The S&P 500 fell more than 8% within the first few minutes of trading, enough to trigger a 15-minute halt to trading. ___The Associated Press receives support for health and science coverage from the Howard Hughes Medical Institute’s Department of Science Education.

Source: Hindustan Times March 16, 2020 14:03 UTC